Sarginsons Industries Limited

Sarginsons Industries Ltd, based in Coventry, UK, is a medium-sized holding company with a 70-year history, currently employing 85 people. The company holds assets valued at £5,274,472 and generates an annual revenue of £14,153,596. It’s a real address, managed by two directors and two owners, and boasts a stellar 5.0 Google rating from two reviews. The company regularly imports machinery, boilers, and mechanical appliances (parts for 4 months), and exports aluminum and aluminum products (for 9 months).

Sarginsons operates as a casting foundry, specializing in light metals and aluminum production. Their website highlights a focus on innovative casting techniques, including topological optimization and digital twin simulation, to create lighter, stronger, and near-zero carbon castings. They cater to industries like aerospace and automotive, offering services ranging from consultancy and technology development to prototype creation and production casting. The company’s website also mentions a focus on improving mechanical performance and reducing costs, with a particular emphasis on advanced technologies like 3D printing and virtual supply chains.

Financially, Sarginsons shows some interesting trends. Current assets increased by 14%, reaching £5,300,000, while revenue jumped a substantial 22% to £14,000,000. However, net assets decreased by 10%, dropping to £2,000,000. Bank borrowings rose by 42%, reaching £330,000, and cash reserves increased by 230%, reaching £290,000. Creditors decreased by 18%, suggesting improved debt management. The company meets the criteria for a medium-sized company, with turnover under £36 million, assets under £18 million, and fewer than 250 employees. The lack of an auditor mentioned suggests they are exempt from full auditing requirements.

The surge in revenue alongside a decrease in net assets could be attributed to increased investment in new technologies or expansion of operations. The rise in bank borrowings may reflect financing for these initiatives, while the decrease in creditors suggests better control over short-term liabilities. Overall, Sarginsons appears to be a financially stable company with a focus on innovation and growth, though the decrease in net assets warrants further investigation.

Registered in England/Wales under the registration number 00541560, with a registered address at CV4 9AG, Coventry, West Midlands, Sarginsons Industries Limited, Torrington Avenue.

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