Tritech Precision Products (yeovil) Limited

Tritech Precision Products (Yeovil) Limited, based in Wrexham, UK, is a sizable, holding company with an active status. Established ten years ago in February 2015, it employs seventy people and holds assets valued at £7,679,916. The company, managed by four directors and owned by Neterson Holdings Ltd, operates from a real address and is a regular importer of electrical machinery and equipment (36 months imported) and a regular exporter of machinery, boilers, and mechanical appliances; parts (74 months exported).

The company’s website paints a picture of a comprehensive manufacturing solutions provider. Tritech Group, as it’s known, specializes in investment casting, CNC machining, surface treatments, and assembly services. It caters to a diverse range of sectors, including civil aerospace, helicopters, defence, medical, construction, space, IGT, and military aerospace. Their website showcases a global footprint with offices around the world and highlights a commitment to innovation and technical expertise. They even have a section dedicated to vacancies, indicating a focus on attracting skilled employees.

Financially, Tritech Precision Products (Yeovil) Limited presents a mixed picture. While current assets increased by a solid 18% to £7,700,000, net assets rose a more substantial 35% to £4,600,000. Bank borrowings increased by 21%, reaching £1,400,000, and cash reserves grew to £82,000. Creditors, however, increased by 42%, reaching £1,100,000, which could indicate increased reliance on supplier credit. The company’s size (meeting two of three criteria for a large company) suggests a robust operation, but the rise in creditors warrants attention. The company’s accounts were audited by DJH Audit Limited.

The growth in assets and cash reserves is encouraging, suggesting a period of expansion. However, the increase in creditors suggests a need for careful financial management. The company’s focus on high-value sectors and its commitment to technical excellence position it well for future growth, but the financial details show that it’s important to keep a close eye on its debt levels.

Registered in England/Wales under the registration number 09432835, with a registered address at LL13 9PS, Wales, Wrexham, Bridge Road North Bridge Road North, Wrexham Industrial Estate.

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