Styne Industrial Refrigeration Limited

Styne Industrial Refrigeration Ltd from Diss UK: a small, holding company with an active status, was founded nine years ago. The company employs eight people and operates from a real address, overseen by three directors and a single owner. It boasts a respectable 4.0 Google rating based on three reviews and is a regular importer of machinery, boilers, and mechanical appliances; parts (8 months imported).

The company’s website reveals a broader engineering group, the Styne Group, offering solutions across engineering, industrial refrigeration, electrical, and renewable energy sectors. The group’s website highlights a focus on innovative design, product reliability, and excellent customer service, streamlining projects and reducing contractor numbers. Styne Refrigeration, a division within the group, specializes in greener, cheaper, and more energy-efficient cooling solutions, while Styne Electrical provides a wide range of installations and Styne Renewables focuses on solar panels, battery storage, and EV chargers. The group's website also showcases testimonials from satisfied customers, emphasizing their trust and reliance on Styne's expertise.

Financially, Styne Industrial Refrigeration Ltd presents a mixed picture. While cash reserves decreased by 53% to £370,000, creditors also fell significantly by 62%, reaching £450,000. Bank borrowings have disappeared entirely, a positive sign. However, net assets have plummeted 74%, dropping to just £80,000, and turnover is down considerably. 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 flexible, but the sharp decline in equity raises questions about its financial health. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company's focus on a niche market and its connection to the larger Styne Group could provide stability, but the recent financial trends suggest it’s navigating a challenging period.

Registered in England/Wales under the registration number 09780033, with a registered address at IP22 1LP, England, Diss, Norfolk, Falcon Hall Finningham Road, Rickinghall.

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