Sengs Engineering Solutions Limited

Sengs Engineering Solutions Ltd from Aberdeen, UK, is a large holding company with an active status, established twelve years ago. The company employs eleven people and operates from a virtual address, a detail worth noting as twenty-four companies are registered at the same location. It's managed by three directors and has one owner, boasting a stellar 5.0 Google rating based on three reviews. Sengs Engineering Solutions is an irregular exporter, primarily dealing in machinery, boilers, and mechanical appliances; parts, with just one month of export activity recorded.

The company operates within the other engineering activities industries, and is described as a holding company. Its registered address is Brodies House, 31-33 Union Grove, Aberdeen, AB10 6SD. It’s a sizable operation, meeting two of three criteria for a large company: turnover exceeding £36 million and a balance sheet total over £18 million, along with more than 250 employees.

While the website lacks detail, the financial data reveals some interesting trends. Accumulated amortisation for intangible assets remained constant, while depreciation on property, plant, and equipment increased by 8.8%. Administrative expenses saw a significant decrease of 24%, and bank borrowings decreased by 33%. However, cash bank on hand fell by 57%, and net losses deepened to -£48,000. Trade debtors increased by 12%, and creditors rose by 46%.

The surge in bank borrowings and the drop in cash reserves suggest the company may be burning through money, although the decrease in administrative expenses is a positive sign. It’s possible that increased investment in machinery or expansion of operations contributed to these changes. The lack of an auditor mentioned—likely due to its small size—means these figures aren’t independently verified. The company’s financial health appears to be a little shaky, but it's still a large, established player in its field.

Registered in Scotland under the registration number SC425789, with a registered address at AB10 6SD, Scotland, Aberdeen, Brodies House, 31-33 Union Grove.

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