Spx Refrigeration & Engineering Services Ltd

Spx Refrigeration & Engineering Services Ltd, based in South Brent, UK, is a small, active family business established fifteen years ago. With twelve employees and £363,038 in assets, the company operates from a real address and is overseen by two directors and owners. Boasting a perfect 5.0 Google rating from a single review, Spx Refrigeration specializes in refrigeration, food machinery, and air conditioning services, catering to commercial, industrial, and marine sectors. They are an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with the last import occurring in September 2024.

The company’s website highlights a comprehensive range of services, from installations and maintenance to repairs and sales of used equipment. They serve various industries, including healthcare, and even offer services for fishing vessels. Their website lists contact details, FAQs, and showcases their team, emphasizing their expertise and commitment to customer service. They are members of the FSB and Guild of Master Craftsmen, and FGas certified.

Financially, Spx Refrigeration’s recent performance indicates some challenges. While the company’s average number of employees decreased slightly, bank borrowings increased, and cash reserves fell by nearly ten percent. Current assets also experienced a decline. Notably, intangible assets, specifically goodwill, have been written off, and depreciation on motor vehicles has increased significantly. Creditors, however, decreased, suggesting improved management of short-term liabilities. The company’s small size—meeting two of three criteria for a small business—allows for flexibility, but the decrease in equity raises questions about its long-term financial health. No auditor is mentioned, which is typical for a small, exempt company.

Despite these financial pressures, Spx Refrigeration’s strong Google rating and membership in industry associations suggest a reputation for quality service. The company’s focus on specialized equipment and niche sectors—such as marine refrigeration—could provide a buffer against broader economic fluctuations.

Registered in England/Wales under the registration number 07173173, with a registered address at TQ10 9JR, United Kingdom, South Brent, Devon, Rosemary Cottage, Palstone Lane.

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