Secol Engineering Limited

Secol Engineering Ltd from Hastings UK: a small, active company founded 45 years ago, employs 25 people, and holds £2,896,989 in assets. With three directors and a single owner, it’s a well-established operation. Regular importer of plastics and plastic products (8 months imported).

The company operates from a real address at TN38 9SU, Hastings, East Sussex, and provides services like moulding, encapsulation, and machining. Their website showcases a comprehensive range of services, including CNC machining, assembly, and even vacuum encapsulation – a high-tech process. Secol Engineering caters to industries like telecommunications, defence, and aerospace, emphasizing quality and customer service. They even formulate resin systems from companies like Vantico and Emerson Cuming.

Financially, Secol Engineering shows some concerning trends. While current assets are down 13% to £2,900,000, cash reserves have taken a bigger hit, dropping 33% to £950,000. Bank borrowings have also increased, though not dramatically. Creditors have decreased significantly, which is a positive sign. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the drop in cash reserves warrants attention. The lack of an auditor (likely exempt as a small company) means these figures are unaudited.

Overall, Secol Engineering appears to be a solid, long-standing business, but the recent financial data suggests it’s facing some challenges. It's a company that's been around a while, and while it's doing well, it’s important to keep an eye on the cash flow.

Registered in England/Wales under the registration number 01446399, with a registered address at TN38 9SU, Hastings, East Sussex, 6-9 Cubitt Way Brunel Road, Churchfields Industrial Estate.

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