W. Neal Services Limited

W. Neal Services Ltd, based in Leigh-On-Sea, UK, is a small, active company founded 21 years ago. With five employees and £926,166 in assets, it’s a well-established player in its sector. Boasting a perfect 5.0 Google rating from 35 reviews, the company operates from a real address and is overseen by three directors and two owners. The business regularly imports and exports machinery, boilers, and mechanical appliances, parts—with 30 months of import activity and 15 months of export activity recorded.

The company’s website highlights its specialization in sheet metal working machinery and hand tools, particularly rollforming and lockforming machines for ducting and HVAC applications. It caters to both new and used machinery, serving industries like ducting fabrication, auto restoration, and offering a range of services, including repair and wanted machinery listings. A key aspect of W. Neal Services Ltd’s offering is its focus on reconditioned machinery, providing a cost-effective alternative for customers. The website also features a section dedicated to used reconditioned stock, including ductseamers and other essential equipment.

Financially, W. Neal Services Ltd presents a mixed picture. While cash bank on hand increased by 33% to £640,000, current assets have also risen by 16% to £930,000. However, accumulated depreciation on plant machinery decreased by 12%, and intangible assets have seen a 49% reduction. The number of employees has increased by 40% to seven, which could be contributing to increased costs. Creditors have risen significantly, by 79%, to £170,000, and other creditors have increased by 27% to £11,000. Trade debtors have decreased by 69%, which might indicate improved collection practices. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

Overall, W. Neal Services Ltd appears to be a stable, albeit evolving, business. The increase in employees and creditors suggests growth, but the decrease in intangible assets warrants further investigation. The company’s focus on reconditioned machinery and its strong online presence position it well for continued success, but managing costs and maintaining profitability will be key.

Registered in England/Wales under the registration number 04851532, with a registered address at SS9 2HN, United Kingdom, Leigh-On-Sea, Essex, Monometer House, Rectory Grove.

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