Timsons Engineering Limited

Timsons Engineering Limited, based in Kettering, UK, is a small, holding company with an active status, having been founded ten years ago in 2014. The company employs 35 people and holds £1,999,694 in assets, operating from a virtual address. It’s led by one director and one owner, and regularly imports and exports machinery, boilers, and mechanical appliances – parts, with 7 months of import activity and 51 months of export activity.

The company’s website showcases a long-standing history – over 80 years – providing subcontract engineering services. Timsons Engineering specializes in foundry services (casting iron) and machining, offering high-quality castings and CNC machining services. They hold ISO 9001:2015 accreditation and cater to a diverse range of clients, emphasizing accuracy and on-time delivery. Their website also highlights a commitment to quality, with testimonials praising their service and end products.

Financially, Timsons Engineering Limited presents a mixed picture. Cash reserves have dramatically increased, soaring 900% to £630,000, a very positive sign. However, creditors have risen 18% to £650,000, and net assets have jumped 330% to £810,000. While bank borrowings decreased by 30% to £23,000, the increase in creditors could indicate increased operational expenses or investment in growth. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the substantial increase in net assets suggests a period of significant investment or revaluation of assets. The company’s auditor is Azets, and the financial statements are unaudited, which is common for small companies. It’s clear that the company is doing well, but the increase in creditors should be monitored.

Registered in England/Wales under the registration number 09125170, with a registered address at NN15 6BL, England, Kettering, Northamptonshire, Thorpe House, 93 Headlands.

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