Wearside Pneumatics Limited

Wearside Pneumatics Ltd from Prescot UK: a small, holding company with an active status, has been operating for 51 years. Despite being founded in 1974, accounts are currently overdue by two months, a slight concern. The company employs 16 people and holds assets totaling £1,006,025. With two directors and one owner, it maintains a real address and boasts a stellar 5.0 Google rating based on four reviews. It's a regular importer of machinery, boilers, and mechanical appliances, with parts imported for the last three months.

The company operates as agents involved in the sale of machinery, industrial equipment, ships and aircraft. While a website isn’t available to analyze, it's likely the business focuses on B2B sales rather than direct-to-consumer e-commerce.

Financially, Wearside Pneumatics Ltd presents a mixed picture. While cash reserves increased by a healthy 93% to £180,000, current assets have decreased by 11% to £1,000,000. Bank borrowings have increased by 2,400%, reaching £29,000, and creditors have decreased by 35% to £410,000. 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 stay agile, but the sharp equity drop raises questions. There’s no auditor mentioned, likely exempt as a small company, so the figures rely on unaudited statements.

It’s clear that Wearside Pneumatics Ltd is facing some financial pressures, but its long-standing presence and strong Google rating suggest resilience. The company's holding status hints at a broader business strategy, and its continued import activity indicates a demand for its products.

Registered in England/Wales under the registration number 01160874, with a registered address at HP2 7DF, England, Hemel Hempstead, Technology House, Maylands Avenue.

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