Underhill Engineering Limited

Underhill Engineering Ltd from Plymouth UK: a small holding company with an active status, was founded 26 years ago in 1998. It employs 37 people and holds £351,415 in assets, with a real address and two directors and one owner. Google rates it 4.0 based on nine reviews. The company irregularly imports machinery, boilers, and mechanical appliances, with one month of import activity recorded in August 2022. It also irregularly exports electrical machinery and equipment, with one month of export activity recorded in September 5 2021.

The company’s website, salesunderhillengineering.co.uk, showcases a range of engineering services, including machining, electrical installation, and shipbuilding. It operates from Langage Business Park, Plymouth, and even has a showroom in Harrods, London. The company prides itself on museum-grade restorations, self-play system integrations, and disaster recovery for damaged pianos. Despite the shared "Underhill" branding, it’s unclear how closely the two businesses are linked, but both emphasize family ownership and British craftsmanship.

Financially, Underhill Engineering Ltd presents a mixed picture. Current assets have fallen dramatically by 81%, dropping to £350,000, while net assets have plummeted 190% to -£230,000 – a significant downturn. Bank borrowings have decreased by 25%, reaching £27,000, and cash reserves have increased by 610%, reaching £16,000. Creditors have also decreased by 83%, suggesting better debt management. 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 agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Underhill Engineering Ltd is facing some financial pressure, although cash reserves have increased. The company’s operations seem to be well-regarded, but the sharp decline in equity suggests a need for careful management. It’s clear the company is working hard, but whether it can sustain its current trajectory remains to be seen.

Registered in England/Wales under the registration number 03586776, with a registered address at PL7 5BG, England, Plymouth, Devon, Waycon House Western Wood Way, Langage Business Park.

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