Turner Process Equipment Limited

Turner Process Equipment Ltd, based in Colchester, UK, is a small, active family business established 21 years ago. With eight employees and £768,701 in assets, it’s a well-established operation boasting a perfect 5.0 Google rating from two reviews. The company has four directors and three owners, and operates from a real address. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances, with 105 months of import activity recorded.

The company's website reveals a specialist provider of materials handling, processing, and storage solutions. It offers consultancy services, feasibility studies, and project management, catering to a wide range of industries. The website also highlights the company’s history, tracing its roots back to 1939, and emphasizes its expertise in both material handling and piano restoration – a surprising diversification. The company’s equipment is described as renowned for performance and reliability, with a focus on bespoke manufacture and fabrication.

Financially, Turner Process Equipment Ltd presents a mixed picture. While current assets remained relatively stable at £770,000, cash reserves declined significantly by 46% to £250,000. Bank borrowings increased, and trade debtors rose considerably by 47% to £350,000, potentially indicating a need for improved cash flow management. Creditors also increased, and net assets decreased by 19% to £370,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the equity decline warrants closer attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s diversification into piano restoration is an interesting development, and it will be interesting to see how this impacts the business going forward. It seems that the company is doing alright, but it’s important to keep an eye on its cash flow and equity position.

Registered in England/Wales under the registration number 04829765, with a registered address at CO4 5YQ, England, Colchester, Essex, 5 De Grey Square, De Grey Road.

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