Wec Group Limited

Wec Group Limited, based in Darwen, UK, is a large, holding company with an active status, celebrating 37 years in business. Employing 307 people and boasting assets of £37,326,853, the company generated a yearly revenue of £42,969,036. With a real address and three directors, alongside one owner, Wec Group holds a respectable Google rating of 4.0 based on 20 reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts, and exports iron or steel products.

Wec Group operates as a significant engineering and fabrication company, offering a wide range of services including fabrication, laser cutting, precision engineering, waterjet cutting, powder coating, and CCTV mounting solutions. The company’s website highlights its extensive capabilities, catering to diverse industries like aerospace, defence, oil & gas, nuclear, mining, and automotive. It even supplies products and services to the UK and European rail industries.

Financially, Wec Group shows a mixed picture. While turnover remained steady at £43 million, net assets increased by a modest 4.1% to £26 million. Cash reserves, however, saw a substantial jump of 94% to £14 million—a positive sign. Bank borrowings decreased by 39%, suggesting improved financial management. Despite a drop in accrued liabilities, the company's current assets remained stable at £37 million. The company's large size (meeting two of three criteria for a large company) and the significant increase in cash reserves point to a generally healthy position, although the decrease in liabilities warrants further investigation. The company's financial statements were audited by PM+M Solutions for Business LLP.

The company's focus on training, with its own award-winning academy, and its multiple subsidiaries—including HTA Group, MTL Advanced, and Sherburn Metalwork—demonstrates a commitment to long-term growth and innovation. While the company's financials indicate a stable, albeit complex, situation, its broad range of services and dedication to quality position it well for continued success.

Registered in England/Wales under the registration number 02141828, with a registered address at BB3 2RB, Darwen, Lancashire, Britannia House, Junction Street.

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