Timeless Engineering Ltd

Timeless Engineering Ltd from Poole, UK, is a small, active company founded nine years ago in 2016. With eleven employees and £167,024 in assets, it’s a solo-founded operation run by a single director and owner. The business boasts a perfect 5.0 Google rating based on four reviews, and specializes in the manufacture of other fabricated metal products. It’s an irregular importer of iron or steel products (one month imported) and a regular exporter (fourteen months exported).

The company's website, Timeless Tube, showcases a unique offering: custom-shaped metal tube profiles for a range of applications. From handrails and balustrades to automotive and marine industries, Timeless Tube caters to clients seeking style, strength, and structure beyond standard round tubes. The site highlights its expertise in metal manipulation, offering fabrication services like bending and welding, and even assisting with product development and prototyping. The company also has a 3D scanning system, which is very useful.

Financially, Timeless Engineering Ltd presents a mixed picture. Current assets decreased by 14% to £170,000, while net assets increased by 4.3% to £20,000. Bank borrowings dropped by 32% to £3,400, and cash reserves plummeted by 99% to just £480. Creditors decreased by 14%, suggesting better debt management, but the sharp drop in cash reserves is concerning. The company meets two of the three criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to the small company exemption.

The decrease in cash reserves, despite a decrease in creditors, suggests the company may be burning through money to maintain operations or invest in growth. While the high Google rating and specialized product offering indicate strong customer satisfaction, the financial figures warrant closer monitoring.

Registered in England/Wales under the registration number 10128827, with a registered address at BH17 0UG, England, Poole, Dorset, Unit 3 14 Abingdon Road, Nuffield Industrial Estate.

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