Thurrock Engineering Supplies Limited

Thurrock Engineering Supplies Ltd, based in Wickford, UK, is a small, holding company with an active status. Founded ten years ago in 2014, the company employs thirteen people and holds £2,105,387 in assets. It operates from a virtual address—where thirteen other companies are also registered—and is managed by two directors and one owner. The company runs an e-commerce site and has a stellar 5.0 Google rating based on seven reviews. It’s an irregular importer, primarily dealing in footwear and related items, with recent activity recorded in September 1, 2024.

The company’s website showcases a wide range of products, including PPE, workwear, adhesives, and power tools. It emphasizes competitive pricing, free delivery on all orders, and a 30-day credit account available to all customers. The site also features a “My Quote” section, suggesting a focus on serving business clients with custom orders. Thurrock Engineering Supplies also has a blog with articles on safety and workwear.

Financially, Thurrock Engineering Supplies Ltd shows a mixed picture. Current assets increased by 6%, reaching £2,100,000, while net assets remained steady at £700,000. Cash bank on hand decreased by 3.3% to £270,000. Trade debtors rose by 7.6% to £1,700,000, and creditors increased by 19% to £1,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in creditors suggests it’s relying more on credit. There’s no auditor mentioned, likely due to its small company status, so the figures are unaudited.

The company’s fixed assets have increased significantly, up 53% to £350,000, which could be from investments in equipment or inventory. It’s a bit concerning that provisions for liabilities have increased by 180%, though, which could indicate potential future obligations. Overall, Thurrock Engineering Supplies Ltd appears to be operating steadily, but the increase in creditors and provisions warrants close monitoring.

Registered in England/Wales under the registration number 09259452, with a registered address at SS11 8QS, England, Wickford, 324 Southend Road.

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