Washington Metalworks Limited

Washington Metalworks Ltd, based in Gateshead, UK, is a sizable company holding a significant position in the metal fabrication industry. Established forty years ago in 1985, the company employs 247 people and boasts assets of £8,112,846, generating a yearly revenue of £16,715,711. It's a holding company with four directors and two owners, maintaining a respectable Google rating of 4.0 based on 15 reviews.

The company operates as a large entity, meeting two of the three conditions: turnover exceeding £36 million and a balance sheet total over £18 million, alongside a workforce of more than 250. Washington Metalworks is a regular importer of miscellaneous metal items, with activity spanning three months, and an irregular exporter of vehicles, parts, and accessories, with just one month of export activity recorded.

Their website paints a picture of a modern, technologically advanced manufacturer. Washington Metalworks provides sheet metal fabrication and metal work services, emphasizing quality craftsmanship and seamless supply chain integration. They utilize cutting-edge technology, including Solid Works 3D design, Trumpf laser cutting machines, and CNC robotic bending machinery. The site details a wide range of services, from tube laser cutting to powder coating and wet spraying, catering to diverse client needs. They're currently running a recruitment drive, showcasing their growth and commitment to expanding their team.

Financially, Washington Metalworks exhibits some concerning trends. Accrued liabilities decreased by 18%, which could indicate improved financial management, but deferred income also fell by 9%. Impairment losses on buildings remained constant, but furniture fittings and plant machinery also stayed the same. Administrative expenses increased by 14%, and bank borrowings plummeted by a massive 80%, which could be a positive sign of reduced debt. However, cash reserves declined by 25%, and current assets fell by 4.6%. Despite these challenges, the company’s turnover remained constant, and they’ve managed to maintain a strong position in the market. The company’s auditor is Armstrong Watson Audit Limited.

Registered in England/Wales under the registration number 01884797, with a registered address at NE10 0LH, England, Gateshead, Washington Metalworks, Bath Road.

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