Turnbull & Scott (engineers) Limited

Turnbull & Scott (engineers) Limited, based in Hawick, Scotland, is a small, family-run holding company with an active trading status. Incorporated seventeen years ago in November 2007, the company employs thirty-seven people and holds £1,318,895 in assets. It has a real registered address and is managed by four directors and three owners. The firm boasts a stellar 5.0 Google rating from three reviews and regularly imports and exports electrical machinery and equipment, with 72 months of import activity and 13 months of export activity recorded.

The company operates in multiple industries, including manufacturing, plumbing, and metal structure production. It also owns Commercial Electric Heat Limited, Commercial Industrial Heat Limited, and Turnbull & Scott Trustees Limited. Its website doesn't offer much detail, suggesting a business primarily focused on B2B operations rather than direct consumer sales.

Financially, Turnbull & Scott (engineers) Limited shows a mixed picture. Current assets decreased by 7.8% to £1,300,000, while net assets increased by 30% to £580,000. Bank borrowings decreased significantly by 41%, reaching £28,000, and cash reserves fell by 45% to £130,000. Creditors decreased by 41%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in cash reserves warrants attention. The company is exempt from an audit, so the financial statements are unaudited.

The increase in trade debtors by 16% could indicate expansion of credit terms or delayed payments, while the decrease in property plant and equipment by 100% is quite significant, but without further details, it’s difficult to determine the reason. The company's reliance on retained earnings, which increased by 30%, suggests a focus on reinvesting profits rather than distributing them as dividends. Overall, Turnbull & Scott (engineers) Limited appears to be a stable, if somewhat cash-strapped, operation, benefiting from its family ownership and established position in the electrical machinery and equipment market.

Registered in Scotland under the registration number SC334633, with a registered address at TD9 8SL, United Kingdom, Hawick, Unit 1a, Burnfoot Industrial Estate.

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