South Wales Industrial Equipment Limited

South Wales Industrial Equipment Ltd from Port Talbot UK is a small holding company with an active status, founded 23 years ago. It employs 45 people and holds £4,172,875 in assets. The company has a real address, three directors, and one owner, and boasts a perfect 5.0 Google rating from 16 reviews. It’s a regular importer of vehicles, parts, and accessories (not for trains or trams), with three months of import activity recorded.

The company operates in the repair of machinery, the repair and maintenance of other transport equipment, and the renting and leasing of trucks and other heavy vehicles. Its website, though not detailed, suggests a focus on industrial equipment sales and service. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, South Wales Industrial Equipment Ltd shows some interesting trends. Current assets increased by 45%, reaching £3,800,000, while net assets rose 23% to £6,000,000. Bank borrowings decreased by 6.7%, reaching £44,000, and cash reserves fell 18% to £400,000. Creditors decreased by 32%, suggesting improved debt management. The company’s small size helps it stay agile, but the increase in trade debtors by 67% to £1,600,000 raises questions about payment collection. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's financial data also shows a significant increase in deferred tax liabilities, rising 47% to £1,000,000. This could be related to accelerated tax depreciation or other accounting adjustments. The increase in corporation tax payable by 180% to £230,000 also warrants attention.

In short, South Wales Industrial Equipment Ltd is doing well, but it's important to keep an eye on the collection of trade debtors and the increase in tax liabilities.

Registered in England/Wales under the registration number 04281914, with a registered address at SA12 7AX, Port Talbot, Unit 23 Mardon Estate.

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