Tees Components Limited

Tees Components Limited, based in Cleveland, UK, is a well-established, large company holding a significant presence in the engineering sector. Founded sixty-one years ago in 1963, it’s been active for over half a century, employing fifty-seven people and boasting assets of £2,717,060. The company operates as a holding company, managed by three directors and overseen by one owner. It holds a stellar 5.0-star Google rating based on a single review.

The company specializes in machining, other engineering activities, and the manufacture of metal structures, catering to key industries with its heavy engineering subcontracting services. Its expansive six-acre site and skilled workforce allow it to handle large-scale projects, as evidenced by its involvement in iconic feats like the Channel Tunnel and Wembley Arch. Tees Components regularly imports machinery, boilers, and mechanical appliances, parts, and exports the same, indicating a strong international trade focus.

Financially, the company’s performance presents a mixed picture. While cash bank on hand increased by a substantial 43%, rising to £1.5 million, net assets declined by 6%, settling at £5.5 million. Trade debtors decreased by 34%, suggesting better credit control, but bank borrowings increased significantly. Current assets also fell by 6%, dropping to £2.7 million. The company's turnover increased by 11%, reaching £3.1 million. The company’s net loss deepened to -£360,000. Despite these challenges, the company’s ability to secure contracts and its investment in new machinery, including CNC horizontal borers and vertical borers, demonstrates its commitment to growth. Azets Audit Services conducted the audit. It’s likely that the company is facing some pressures, but its long history and expertise position it for continued success.

Registered in England/Wales under the registration number 00775765, with a registered address at TS12 2AP, Cleveland, North Skelton,, Saltburn By The Sea,.

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