Upe Engineering Limited

Upe Engineering Ltd from Hungerford UK: a small, active company founded 24 years ago, employs 41 people, and holds £3,301,327 in assets. It operates from a virtual address, managed by two directors and one owner. The company regularly imports optical and medical tools and devices (9 months) and exports electrical machinery and equipment (59 months).

The company’s website, while not detailed, indicates a focus on metal fabrication and engineering. It's a private limited company registered in the UK, and its core business is the manufacture of other fabricated metal products. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financially, Upe Engineering Ltd shows a mixed picture. Cash at bank and in hand increased by a healthy 37% to £1.2 million, a good sign of liquidity. However, net assets increased by 11% to £4.9 million, and creditors rose by 13% to £820,000. While bank borrowings didn’t change, it’s worth noting that trade debtors decreased by 11%, suggesting improved collection efforts. The company’s fixed assets, including property, plant, and equipment, saw a significant increase of 19%, possibly reflecting investments in machinery or facilities. The company’s retained earnings also increased by 1.5%. The company’s unaudited financial statements were prepared in accordance with FRS 102 and the Companies Act 2006.

The increase in fixed assets could indicate expansion plans, but the rise in creditors warrants monitoring. With no auditor mentioned, the financial data relies on internal reporting. Overall, Upe Engineering Ltd appears to be a stable, albeit small, engineering firm, navigating the challenges of a competitive market.

Registered in England/Wales under the registration number 04136132, with a registered address at RG17 0EY, United Kingdom, Hungerford, Berkshire, Ramsbury House, Charnham Lane.

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