Thwaites Limited

Thwaites Limited, a well-established company based in Leamington Spa, UK, has been designing and manufacturing articulated dumpers for 80 years. With a solid active status, the company employs 255 people and boasts assets totaling £45.491 million. Six directors oversee operations, with Dulverton Michael as the sole owner. The company’s Google rating stands at a perfect 5.0 based on 29 reviews, reflecting a strong reputation.

Thwaites primarily operates in the manufacture of lifting and handling equipment, with a particular focus on articulated dumpers. Its website showcases a comprehensive range of dumpers, from 1-tonne models to 9-tonne machines, catering to contractors and hirers. The company goes to market via an approved distributor network.

Financially, Thwaites Limited presents a mixed picture. While average employee numbers increased slightly to 270, cash and cash equivalents took a significant hit, decreasing by 66% to £4.7 million. Bank borrowings also increased, reaching £3.6 million, a rise of 35%. However, creditors decreased by 18%, suggesting improved debt management. The company’s assets are substantial, but the decline in cash reserves and increase in borrowings could indicate tighter financial conditions. The company’s turnover remained steady at £77 million, but the decrease in net assets, falling 8.9% to £37 million, is noticeable. The company was audited by Saffery LLP.

The company’s continued focus on design and manufacturing, coupled with a strong brand reputation, suggests a resilient business. However, the financial data indicates a need for careful management of cash flow and potentially, a re-evaluation of borrowing strategies. The company’s long history and established position in the market, however, provide a solid foundation for future growth.

Registered in England/Wales under the registration number 00387579, with a registered address at CV32 7NQ, Leamington Spa, Warwickshire, Welsh Road, Cubbington.

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