Silicone Engineering Limited

Silicone Engineering Ltd, based in Blackburn, UK, is a large company with an active status, holding company, and a 23-year history. Employing 128 people, it holds assets valued at £14,045,850. The company, with three directors and one owner, maintains a real address and boasts a solid 4.0 Google rating from five reviews. It’s a regular importer of copper and copper products (25 months) and a prolific exporter of plastics and plastic products (253 months).

The company’s website highlights its specialization in silicone rubber materials and products, serving a wide range of industries including aerospace, automotive, energy, and oil & gas. It offers products like silicone sheeting, sponge extrusions, and solid rubber extrusions, alongside case studies showcasing its solutions. Silicone Engineering positions itself as Europe's leading manufacturer and supplier, exporting over 60% of its materials to over 45 countries. The website also includes a section on accreditations and a news section, demonstrating a commitment to transparency and industry engagement.

Financially, Silicone Engineering Ltd’s recent performance shows a mixed bag. While cash bank on hand decreased by 16% to £8,800,000, interest income surged an impressive 1,300% to £130,000. However, net assets fell by 12% to £16,000,000, and net profit declined by 24% to £8,000,000. Trade debtors increased significantly by 890%, which may indicate challenges with customer payments or an expansion of credit terms. Creditors also rose by 35%, suggesting increased reliance on short-term financing. The company’s large size (meeting two of three criteria for a large company) provides economies of scale, but the decline in net assets warrants closer scrutiny. The financial statements were not audited, likely due to the company’s size.

Overall, Silicone Engineering Ltd appears to be a well-established player in the silicone rubber market, but its recent financial performance suggests it's navigating some challenges. The company’s focus on exports and diverse industry applications provides a strong foundation, but managing working capital and maintaining profitability will be crucial for its continued success.

Registered in England/Wales under the registration number 04340974, with a registered address at BB1 3HU, Blackburn, Lancashire, Greenbank Business Park, Blakewater Road.

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