Stenmar Gauge & Model Co Ltd

Stenmar Gauge & Model Co Ltd, based in Willenhall, West Midlands, is a small, active family business established nineteen years ago. With twelve employees and £540,688 in assets, the company operates from a real address and is managed by two directors and owners. It’s a modest operation, meeting two of the three criteria for being classified as small: turnover under £10.2 million and assets under £5.1 million. The company imports optical and medical tools and devices, though activity has been irregular, with the last import occurring in August 2023.

The company’s website is non-existent, which makes it difficult to determine the full scope of their operations. However, they are described as operating in the other engineering activities industries. It’s a private limited company, and they own Stenmar Automotive Limited.

Financially, Stenmar Gauge & Model Co Ltd presents a mixed picture. Current assets increased by a healthy 10% to £540,000, while net assets grew by 3.8% to £430,000. Trade debtors have also risen significantly, increasing by 42% to £190,000, which could be a sign of increased sales or a change in credit terms. However, bank borrowings have jumped by 2400% to £29,000, and cash reserves have fallen by 6.1% to £120,000. Creditors have also risen by 58% to £130,000. The company’s unaudited financial statements, prepared by CCH Software, show a decrease in depreciation impairment property plant equipment, and an increase in other creditors.

Despite the increase in debt, the company's overall financial health appears stable, though the rise in borrowings warrants monitoring. The company’s small size and family ownership likely contribute to its agility, but the increase in debt suggests a need for careful financial management going forward.

Registered in England/Wales under the registration number 05711112, with a registered address at WV13 1NP, West Midlands, Cephos Works, Acorn St, Willenhall.

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