Thanet Engine Centre Ltd

Thanet Engine Centre Ltd from Ramsgate UK is a small, active company founded 14 years ago. With 13 employees and £64,930 in assets, it’s a family business boasting a 4.0 Google rating from 54 reviews. The company, with four directors and three owners, is an irregular importer of machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in November 2016. It operates from a real address, sharing space with five other companies.

The company’s website highlights its expertise in engine reconditioning, offering services like head skimming, pressure testing, and valve refacing. It’s also involved in classic car restoration and offers cleaning services, including acid baths and aqua blasting. The business expanded recently, purchasing an adjacent property to double its floor space. The website also mentions a 12-month guarantee on reconditioned engines, a key selling point for attracting both public customers and main dealers.

Financially, Thanet Engine Centre Ltd shows a mixed picture. Current assets decreased by 6.1% to £65,000, while net assets increased by 21% to £35,000. Bank borrowings decreased by 35%, and cash reserves fell by 6.6%. Creditors also decreased, suggesting improved debt management. The company meets two of the three conditions to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—allowing it to operate with greater agility. The unaudited figures, without a named auditor, rely on director-reported data.

Overall, Thanet Engine Centre Ltd seems to be holding its own, but the decrease in cash reserves is something to keep an eye on. The company’s focus on quality reconditioning and family ownership appears to be a strong foundation for continued success, although it’s not clear if the business is expanding or just maintaining its current size.

Registered in England/Wales under the registration number 07629564, with a registered address at CT12 6SJ, Ramsgate, Kent, Spurling Cannon 424 Margate Road, Westwood.

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