Solstrand Industries Limited

Solstrand Industries Limited, based in High Wycombe, UK, is a small, active company founded 28 years ago. With four employees and £262,008 in assets, it operates from a real address and is led by two directors and a solo founder, Bacchus Vernon. The company boasts a perfect 5.0 Google rating from two reviews. It's a regular importer of machinery, boilers, and mechanical appliances, with recent import activity recorded just last month.

The company’s website reveals it’s a subcontract precision engineering firm specializing in aerospace and defence components. It offers services like brazing, soldering, CNC machining, prototyping, and partnerships with specialist finishing shops. They even offer services like part modification and prototyping. The company's website emphasizes quality, consistency, and customer service. They also highlight their experienced engineers, good IT systems, and support being just a phone call away.

Financially, Solstrand Industries Limited shows a mixed picture. While net assets increased by 29%, rising to £230,000, current assets decreased by 24%, dropping to £260,000. Cash reserves also fell 40%, down to £130,000. Borrowings, however, surged by 2400%, reaching £29,000. Creditors decreased by 51%, suggesting improved debt management, but the increase in borrowings and decrease in cash raises some concerns. The company meets two of three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is likely exempt from an audit. With no auditor mentioned, the figures are unaudited.

Overall, Solstrand Industries Limited appears to be navigating a period of change. While its engineering services are well-established and highly rated, the financial data suggests it's burning through cash, possibly due to increased borrowing. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company’s focus on quality and customer service should help it weather the storm.

Registered in England/Wales under the registration number 03302827, with a registered address at HP12 4HJ, Sands Ind Est, High Wycombe, Buckinghamshire, Solstrand Industries Ltd, Jj Building Hillbottom Rd.

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