Spenborough Engineering Limited

Spenborough Engineering Ltd, based in Dewsbury, UK, is a small, active company founded 39 years ago in 39 years. With 15 employees and £2,265,988 in assets, it’s a well-established operation. The company boasts a 5.0 Google rating from nine reviews and is led by one director and one owner. It’s an irregular importer of iron and steel, with just one month of imports recorded as of November 2022.

The company specializes in tippers, tipper bodies, and lorry-mounted cranes, catering to local authorities, utility companies, and private contractors. Its website highlights a range of products, from steel dropside tippers to aluminium bodywork and crane servicing, with a history dating back to 1913. It operates from premises close to the M1 and M62 motorways, offering what it describes as “onestop shopping” for bodywork and crane combinations.

Financially, Spenborough Engineering Ltd shows a mixed picture. Cash bank on hand increased by 13% to £2,100,000, while current assets rose by 5.1% to £2,300,000. However, trade debtors dropped significantly by 61% to £80,000, and net assets increased by 9.2% to £2,000,000. Bank borrowings are not mentioned, but creditors decreased by 22% to £56,000, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. The number of employees decreased by 13% to 13, which could be due to restructuring or seasonal fluctuations. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Spenborough Engineering Ltd seems to be holding its own, with a solid asset base and improved creditor management. The decrease in debtors, however, warrants attention. The company's long history and specialized services suggest a stable business model, but the financial data indicates some challenges that need to be addressed.

Registered in England/Wales under the registration number 01981138, with a registered address at WF12 9EA, Dewsbury, West Yorkshire, Calder Road, Ravensthorpe.

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