Venture Engineering Limited

Venture Engineering Ltd from Witney, UK, is a small holding company with an active status, having been founded ten years ago in 2015. Employing 24 people, the company holds £1,453,070 in assets and operates from a real address. With four directors and four owners, it boasts a stellar 5.0 Google rating based on one review. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 14 months of import activity and 6 months of export activity.

The company’s website showcases a precision engineering and manufacturing business, taking projects from concept to production. They offer a team of experts, trusted industry links, and cutting-edge innovations. Testimonials from clients like Haas F1 Team and Base Performance Simulators highlight Venture Engineering's expertise in motorsport and bespoke engineering solutions. The website also details a range of services, including design, welding, machining, and composites, catering to clients in the motorsport and engineering industries.

Financially, Venture Engineering Ltd shows a mixed picture. While current assets increased by 18% to £1,500,000, net assets grew by a substantial 22% to £1,200,000. However, bank borrowings have surged by 390%, reaching £160,000, and cash reserves have fallen by 37% to £130,000. Employee numbers have also decreased by 21%, dropping to 19. Creditors decreased by 1.7%, 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 remain flexible. The lack of a mentioned auditor is likely due to the company’s exemption as a small entity.

Despite the increase in borrowing, Venture Engineering Ltd seems to be navigating the current economic climate well, leveraging its reputation for quality and innovation within the motorsport and engineering sectors. The decrease in employees may indicate a streamlining of operations or a shift in project focus.

Registered in England/Wales under the registration number 09540171, with a registered address at OX29 0AX, England, Witney, Unit 7 Tungsten Park, Colletts Way.

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