Unitech Engineering Ltd

Unitech Engineering Ltd from Staffordshire, UK, is a small, holding company with an active status. Established 29 years ago in 1996, the company employs 115 people and holds assets valued at £2,099,886. It operates from a real address and is overseen by four directors and one owner, boasting a respectable Google rating of 4.0 based on 15 reviews. The company regularly imports machinery, boilers, and mechanical appliances; parts, with 37 months of import activity, and exports the same, with a longer 106-month record.

Unitech Engineering is a stainless steel equipment manufacturer, specializing in high-quality stainless steel and aluminium equipment for industries like food, beverage, and pharmaceuticals. They offer both off-the-shelf products and bespoke fabrications, catering to a wide range of needs, from one-off items to full production facility refits. Their website highlights a 90,000 square foot production facility and emphasizes the ability to tailor equipment to exact requirements. They even sell plastic tote bins and adjustable stainless steel tables.

Looking at the numbers, Unitech Engineering Ltd's financial health presents a mixed picture. Accumulated amortisation impairment for computer software remained steady, but depreciation on furniture fittings increased by 13%, while depreciation on motor vehicles significantly dropped by 69%. Amounts owed to group undertakings decreased, and cash bank on hand increased substantially. Creditors decreased, suggesting better debt management, and payments received on account surged by 37%. However, net assets fell slightly, and bank borrowings are now zero after a large decrease. The company’s small size—meeting two of three criteria—helps with agility, but the changes in assets warrant further attention. No auditor is mentioned, as is typical for a small company.

The company's focus on stainless steel manufacturing and its ability to provide both standard and custom solutions are strengths. However, the fluctuating financial figures, particularly the decrease in net assets, suggest potential challenges. It remains to be seen whether Unitech Engineering can maintain its growth and profitability in the competitive manufacturing landscape.

Registered in England/Wales under the registration number 03165038, with a registered address at WS7 0AU, Staffordshire, Unitech House, Prospect Rd, Burntwood.

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