Srd Engineering Limited

Srd Engineering Limited, based in London, UK, is a small holding company with an active status, celebrating 21 years since its founding. Employing 92 staff members and holding assets worth £2,566,715, the company operates from a real address and is overseen by five directors and a single owner. While it’s an irregular importer of copper and copper products (with just one month of imports recorded in 2022), it’s a regular exporter of machinery, boilers, and mechanical appliances—parts, with six months of export activity as of October 2024.

The company’s website, infosrdengineering.co.uk, highlights its precision CNC machining services. Srd Engineering positions itself as a high-quality engineering company with a reputation for investment in advanced technology, serving industries like motorsport, food, automotive, and aerospace. It boasts a skilled workforce and caters to prestigious clients, including Formula One racing teams. The website details its services, including CNC turning, milling, and sliding head turning, and showcases its plant list and quality assurance processes.

Financially, Srd Engineering Limited presents a mixed picture. While net assets increased by 10% to £1200000, cash reserves fell 2% to £280000. Bank borrowings decreased by 27% to £280000, which is a positive sign. Trade debtors increased by 9% to £220000, and creditors rose by 74% to £800000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors suggests a need for careful financial management. The company’s deferred tax liabilities increased by 43% to £380000, which may be a consequence of increased activity. With no auditor mentioned, the financial statements are unaudited.

Overall, Srd Engineering Limited appears to be a stable, albeit small, business operating in a specialized sector. Its focus on precision engineering and its commitment to advanced technology suggest a strong foundation for continued success, but the rising creditor levels warrant close monitoring.

Registered in England/Wales under the registration number 04879362, with a registered address at N11 1GN, England, London, Suite 465, Building 4 North London Business Park, Oakleigh Road South.

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