Turbo-machinery Services Ltd.

Turbo Machinery Services Ltd, based in St Neots, UK, is a small holding company with an active status, having been established 24 years ago. The company employs 14 people and holds assets valued at £2,741,326. It operates from a virtual address, managed by four directors and a single owner, and boasts a stellar 5.0 Google rating based on two reviews. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 5 months of import activity recorded as of June 2024—and occasionally exports electrical machinery and equipment, with 1 month of export activity as of April 2024.

The company’s website highlights its focus on industrial rotating machinery solutions, offering workshop facilities, field services, and parts support. It positions itself as a responsive service provider with a specialist team of engineers supporting customers worldwide. The website’s emphasis on tailored solutions and dedicated workshops suggests a business model centered on technical expertise and customer relationships, rather than a high-volume e-commerce operation. The site’s content suggests a B2B focus, catering to industrial clients with specific machinery needs.

Financially, Turbo Machinery Services Ltd presents a mixed picture. Cash bank on hand increased significantly by 670%, reaching £1,800,000, while current assets also saw a substantial rise of 200% to £2,700,000. However, accumulated depreciation impairment property plant equipment increased by 20%, reaching £440,000, and advances credits to directors decreased by 69%, dropping to £65,000. Trade debtors increased by 35%, reaching £930,000, and creditors rose by 91%, reaching £72,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt warrants monitoring. As a small company, it is likely exempt from an audit, and the financial statements are unaudited.

In conclusion, Turbo Machinery Services Ltd appears to be a financially stable business, benefiting from increased cash reserves and assets, but the rise in debt and depreciation should be watched closely. The company’s focus on specialized machinery services and its strong reputation suggest a sustainable business model, although the virtual address is a little concerning.

Registered in England/Wales under the registration number 04165137, with a registered address at PE19 8EP, St Neots, Cambs, Unit 4b Fenice Court, Phoenix Business Park Eaton Socon.

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