Shandwood Eng Ltd

Shandwood Eng Ltd, based in Forfar, UK, is a small holding company with an active status, established fifteen years ago in 2009. The company holds £444,868 in assets and operates from a real address at Orchardbank Industrial Estate. It's led by one director and owned by three individuals, although this list may not be exhaustive. Shandwood Eng Ltd regularly imports machinery, boilers, and mechanical appliances; parts, with five months of import activity recorded, and exports the same products, boasting a substantial 100 months of export activity.

The company's website reveals a focus on the SE 100 EasiFit Screw Conveyor, a product specifically designed for the oil industry. The website highlights the conveyor’s ATEX certification, precision manufacturing in the UK, and easy maintenance, suggesting a specialized engineering business. A video showcasing the product is available, though a link is only provided upon request. The website also mentions a separate venture, 1066 Pianos, which is a high-end piano restoration business.

Financially, Shandwood Eng Ltd presents a mixed picture. Current assets have slightly decreased, falling by 0.23% to £440,000, while net assets increased by 16% to £420,000. However, bank borrowings have increased significantly, and cash reserves have fallen by 92%, dropping to £340,000. Trade debtors have also seen a substantial decrease, falling by 59%. The company’s small size, meeting two of three criteria for a small company, helps maintain agility. As a small company, it’s likely exempt from an audit, and the financial statements are unaudited.

The company's financial data indicates a period of transition. While assets are holding steady, the decline in cash reserves and the increase in bank borrowings suggest a need for careful financial management. The focus on a specialized product and the potential synergies with the piano restoration business could be key to future success, but the company will need to ensure it has the resources to support its operations.

Registered in Scotland under the registration number SC367714, with a registered address at DD8 1TD, Forfar, Angus, Shandwood Eng Ltd, Orchardbank Industrial Estate.

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