Swinton Engineering Supplies Limited

Swinton Engineering Supplies Ltd from Manchester UK is a small, family-run business with an active status, founded 20 years ago. The company employs nine people and holds £952,828 in assets, operating from a virtual address – seventeen other companies are registered at the same location. Two directors and two owners manage the business, which boasts a perfect 5.0 Google rating from four reviews. It’s an irregular importer of electrical machinery and equipment, with the last import operation made two months ago in August 2023.

The company's website showcases a diverse range of products, from workwear and abrasives to ball roller bearings, motors, and engineers tools. It appears to operate primarily as a supplier to industrial and commercial clients, offering a catalogue of items available for purchase. The site also mentions janitorial supplies, suggesting a broader scope of offerings beyond just engineering equipment. It’s likely that the business functions as a distributor, sourcing products from manufacturers and selling them to end-users.

Financially, Swinton Engineering Supplies Ltd shows a mixed picture. Current assets have decreased by 39% to £950,000, while net assets have fallen by 29% to £920,000. Bank borrowings have increased significantly, reaching £29,000, and cash reserves have dropped 38% to £750,000. Trade debtors have also decreased by 13%, suggesting improved collection of outstanding payments. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

Overall, Swinton Engineering Supplies Ltd seems to be navigating a period of change. While the company maintains a strong reputation and a diverse product range, the decline in assets and cash reserves warrants attention. It’s possible that the company is investing in new inventory or expanding its operations, but careful management of cash flow will be crucial for sustained success.

Registered in England/Wales under the registration number 05188503, with a registered address at M25 0JW, Manchester, Parkgates, Bury New Road, Prestwich.

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