Techneat Engineering Limited

Techneat Engineering Ltd, based in Ely, UK, is a small, holding company with an active status, celebrating 40 years in business. Founded in 1984, the company employs 29 people and holds assets valued at £4,056,137. With five directors and a single owner, and a solid 4.0 Google rating from 15 reviews, Techneat Engineering operates from a real address in Cambridgeshire. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 16 months of import activity—and exports the same, with a substantial 72 months of export activity.

The company's website reveals a focus on pioneering application products for agricultural and amenity markets. Techneat Engineering designs, develops, and manufactures a range of specialist products, operating from two sites in Cambridgeshire. The website highlights capabilities including rotomoulding, laser cutting, robot welding, and fabrication, catering to agricultural, groundcare, and lawncare sectors. Products range from bird scarers and weed wizards to irrigation baskets and tanks, with an online shop for direct sales.

Financially, Techneat Engineering shows a mixed picture. Accumulated depreciation on plant machinery increased by 12%, while additions to plant machinery remained steady. Bank borrowings decreased by 60%, a positive sign, and cash reserves grew by 8%. However, current assets increased by 26%, and trade debtors increased by 87% - this could indicate a need to manage cash flow. Creditors also increased by 32%, and net assets increased by 14%. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in debtors warrants attention. No auditor is mentioned, as is common for small companies.

Overall, Techneat Engineering appears to be a stable, albeit small, company with a strong focus on manufacturing and a growing online presence. The increase in debtors, however, suggests a potential area for improvement in financial management.

Registered in England/Wales under the registration number 01826948, with a registered address at CB6 1SE, England, Ely, Cambridgeshire, 2 Henry Crabb Road, Littleport.

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