Salop Design & Engineering Limited

Salop Design & Engineering Ltd from Shrewsbury UK: a large company, active status, founded 58 years ago, employing 105 people, with £4,760,166 in assets and yearly revenue of £14,082,520, operates from a real address and is overseen by five directors. Despite having no officially declared owners, it’s likely one of the directors holds the majority stake. The company enjoys a 4.0 Google rating from 35 reviews and regularly imports iron and steel (14 months) and exports vehicles, parts, and accessories (75 months).

SDE Technology, as it’s also known, specializes in the manufacture of other fabricated metal products. Its website showcases a focus on lightweighting solutions, utilizing a new HFQ technology alongside traditional presswork and powder coating. The company caters to automotive and aerospace sectors, offering services from design and engineering to manufacturing and logistics. They even own Salop Haulage Limited and In-comm Training Academy Shropshire Limited.

Financially, SDE Technology presents a mixed picture. Current assets have fallen by 20%, dropping to £4.8 million, while net assets have increased by 19%, reaching £3.3 million. Bank borrowings have decreased by 39%, sitting at £320,000, and cash reserves have plummeted 82%, down to £380,000. Creditors decreased by 9%, and revenue has fallen by nearly 10%, dropping to £14 million. The company's turnover is still substantial, but the sharp decline in cash reserves could indicate increased spending or delayed payments. The fact that they’re not using a senior statutory auditor suggests they’re exempt, relying on unaudited financial statements.

The company's workforce has increased by 6%, with an average of 110 employees, which may be linked to the investment in new plant and extending production capability to accommodate the HFQ technology. While the company’s large size and strong revenue suggest stability, the decrease in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 00895927, with a registered address at SY1 3LB, Shrewsbury, Shropshire, Brixton Way, Harlescott.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.