Technidrive Limited

Technidrive Limited, based in Portadown, Northern Ireland, is a small, active family business established twelve years ago. Employing twenty-nine people and boasting assets of £7,083,963, the company operates from a real address and is led by five directors and two owners. It’s a regular importer of machinery, boilers, and mechanical appliances, and a regular exporter of electrical machinery and equipment. The company’s website highlights its focus on providing industrial drive solutions, particularly for the quarry, water, food, dairy, and energy efficiency sectors.

Technidrive's core business revolves around the sales and support of electric motors, industrial gear units, and electrical automation, positioning itself as a trusted source in the UK and Ireland. The company also offers bespoke solutions, including piano restoration via its 1066 Pianos division, showcasing a diverse range of expertise.

Financially, Technidrive Limited appears to be in a generally healthy position. Current assets increased by 10% to £7,100,000, while net assets grew by 20% to £5,200,000. Cash bank on hand also increased by 14% to £1,200,000. However, property plant and equipment decreased by 6% to £1,400,000, and trade debtors increased by 2.4% to £2,500,000. Creditors, both within and outside of one year, have seen some fluctuation, with the latter decreasing by 8.1%. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in bank borrowings should be monitored. The accounts are unaudited and exempt, so the figures rely on director-reported data. The company's growth in employees from 29 to 33 is a positive sign, suggesting expanding operations.

Registered in Northern Ireland under the registration number NI617850, with a registered address at BT63 5GA, Northern Ireland, Portadown, Armagh, 21 Charlestown Drive.

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