Tew Engineering Limited

Tew Engineering Ltd, based in Newcastle Upon Tyne, UK, is a sizable, active company established 51 years ago. With 63 employees and £7,475,903 in assets, it’s a holding company with five directors and one owner, enjoying a stellar 5.0 Google rating from three reviews. The company irregularly imports and exports electrical machinery and equipment, with the last activity recorded in November 2024.

The company operates in the manufacture of other special-purpose machinery n.e.c. industries and is a subsidiary of Lb Foster Rail Technologies Uk Ltd. Its website showcases a wide range of rail and infrastructure solutions, including total track monitoring, friction management, and technology services. It also provides precast concrete buildings and stormwater management products, demonstrating a diverse portfolio catering to various sectors. The site’s focus on innovation and global reach is evident, with sections dedicated to customer information, materials handling, and project services.

Financially, Tew Engineering Ltd’s picture is mixed. Accrued liabilities decreased by 35%, while administrative expenses increased by 13%. Cash bank on hand fell 61%, and current assets declined by 4.1%. However, the company’s average number of employees increased by 22%, suggesting growth in operational capacity. Debtors rose by 5.1%, and creditors decreased by 2.9%, indicating improved debt management. The company’s net assets, however, fell by 18%, a significant drop that warrants further investigation. The lack of a named auditor suggests the company is exempt from external audit, relying on internal financial reporting.

Overall, Tew Engineering Ltd appears to be a well-established player in its sector, but the decline in net assets suggests potential financial pressures despite its growth in employees and improved debt management. The company’s diverse product range and focus on innovation position it well for the future, but continued monitoring of its financial performance will be crucial.

Registered in England/Wales under the registration number 01134730, with a registered address at NE2 1SQ, England, Newcastle Upon Tyne, 5 Osborne Terrace, Jesmond.

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