Simworx Ltd

Simworx Ltd, based in Kingswinford, UK, is a large holding company with an active status, celebrating 20 years since its founding. Employing 26 individuals and boasting assets of £7,040,871, the company generated a revenue of £7,533,779 in the last year. With four directors and a single owner, Simworx maintains a real address and holds a stellar 5.0 Google rating based on four reviews. It regularly imports machinery, boilers, and mechanical appliances, parts, and occasionally exports, though the latter has been limited.

Simworx operates as a manufacturer of motion simulators and 4D/5D special effects theatres, catering to the theme park and entertainment industry. The company designs, develops, and manufactures attractions, offering everything from 4D cinemas to flying theatres and custom project solutions. Its website showcases a range of innovative experiences, including dark rides, immersive tunnels, and interactive exhibits, all underpinned by advanced media and engineering expertise. It also provides film production services and turnkey installation support.

Financially, Simworx demonstrates a mixed picture. While assets increased by 10%, creditors saw a significant jump of 40%, suggesting a need to manage short-term liabilities. Cash bank on hand surged by a remarkable 260%, providing a strong liquidity buffer. The company’s administrative expenses decreased by 6%, which could be a result of cost-cutting measures or operational efficiencies. A notable increase in company contributions to money purchase schemes for directors (160%) may reflect enhanced benefits or compensation packages.

The company’s consistent turnover of £7.5 million, while impressive, hasn’t translated into substantial profits, with comprehensive income expense showing a loss of £500,000. This could be attributed to high capital expenditure on research and development, or the cyclical nature of the theme park industry. The absence of an auditor is typical for a company of this size, meaning the financial statements are unaudited. Overall, Simworx appears to be a stable, albeit challenging, business navigating the complexities of its niche market.

Registered in England/Wales under the registration number 05389718, with a registered address at DY6 7UL, Kingswinford, West Midlands, 37 Second Avenue, The Pensnett Estate.

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