Slipform Engineering Ltd

Slipform Engineering Ltd is a small, holding company based in Basildon, UK, with an active status. Founded twelve years ago in 2012, the company employs just two people and holds £1,663,393 in assets. It’s managed by six directors and has one owner, though the list of owners changed two years ago. The company operates from a real address shared with one other business, Fb Accountancy Services Ltd. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in September 2023.

The company's website describes Slipform Engineering Ltd as the only UK specialist designing and building innovative slipform construction project solutions. It focuses on delivering patented slipform systems and guarantees project delivery on time with the required quality. The company emphasizes safety, sustainability, and modular equipment, targeting a first-class service to clients. It has won awards, including the Thames Tideway SubContractor of the Year and two CN Specialists Awards, and has been a finalist at the NCE Tunnelling Festival and TechFest Awards. The website showcases several projects, including bunker construction and shaft lining systems, and highlights its expertise in areas like energy from waste facilities and pumping stations. It’s clear the company is focused on specialized construction and innovation.

Financially, Slipform Engineering Ltd presents a mixed picture. Current assets have decreased by 14% to £1,700,000, while net assets have fallen by 9.1% to £1,000,000. Bank borrowings have remained steady, however, cash reserves have declined by 46% to £160,000. Creditors have increased by 28%, suggesting a possible need for improved cashflow management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity raises concerns. The company is exempt from an audit as a small company, so the financial statements are unaudited. The average number of employees has increased significantly, rising by 300% to eight. Depreciation charges for plant machinery have remained consistent, however, motor vehicle depreciation has remained the same.

Registered in England/Wales under the registration number 08253976, with a registered address at SS14 3EU, England, Basildon, Fb Accountancy Services Ltd Unit 16 Heronsgate Trading Estate,, Paycocke Road.

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