Springfield Ne Limited

Springfield Ne Limited, based in Chilton, UK, is a small, active company established nineteen years ago in 2005. Employing sixteen people, the company holds £752,035 in assets and operates from a real address. With three directors and two owners, Springfield Ne Limited is a family business boasting a perfect 5.0 Google rating from five reviews. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for five months, the last operation occurring in April 2024.

The company’s website highlights its role as a multidisciplinary engineering specialist, offering a wide range of services including mechanical and electrical design, 3D printing, and special-purpose machine manufacturing. It provides services to various industries, from automotive to medical, and emphasizes its ability to turn ideas into reality from concept to installation and support. The website showcases its capabilities in robotics, automation, precision engineering, and subcontract machining, offering a full turnkey integration package. Case studies and blog posts demonstrate expertise in 3D printing and subcontract machining.

Financially, Springfield Ne Limited has experienced some significant shifts. Current assets have fallen by 31%, dropping to £750,000, while net assets have also decreased, although less dramatically. Bank borrowings have decreased by 30%, reaching £420,000, and cash reserves have increased dramatically, reaching £40,000. Trade debtors have fallen by 62%, which could indicate improved collection practices or a reduction in credit sales. Creditors have also decreased by 67%, which is a positive sign. The company meets the criteria for a small business, with a turnover under £10.2 million and fewer than 50 employees. There’s no auditor mentioned, likely due to its small size.

Overall, Springfield Ne Limited seems to be navigating a period of change. While asset values have declined, improved cash flow and reduced debt suggest a focus on financial stability. The company’s diverse range of services and strong reputation position it well for continued success, although the decrease in assets should be monitored.

Registered in England/Wales under the registration number 05536663, with a registered address at DL17 0SQ, United Kingdom, Chilton, Durham, Unit 50 Avenue 4, Chilton Industrial Estate.

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