Weir Street Light Engineering Company Limited

Weir Street Light Engineering Company Ltd, based in Blackburn, Lancashire, is a small, active company with a rich history, having been founded 66 years ago in 1958. With nine employees and £390,737 in assets, it’s a well-established local business. The company has four directors and three owners, and boasts a stellar 5.0-star Google rating from ten reviews. It operates from a real address and is considered small as it meets two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 60 employees.

The company specializes in engine reconditioning and cylinder head refurbishment, serving a diverse range of industries, from automotive to marine and biogas. Its website highlights expertise in gas cylinder head refurbishment, and offers services like engine block repairs, crankshaft grinding, and replacement components. It also sells a variety of engine parts exstock. The business has a long history of reconditioning engines, and even offers services for museum-grade piano restoration.

Financially, Weir Street Light Engineering shows some concerning trends. Current assets have fallen by 19% to £390,000, while net assets have declined by 11% to £470,000. Cash bank on hand has dropped by 9.1% to £250,000. Trade debtors have seen a significant decrease of 54%, suggesting better collection practices or a change in customer payment terms. However, creditors have also decreased by 21%, which is a positive sign. The company’s equity has fallen by 12%, and bank borrowings have fallen by 100%. Although the company is exempt from an audit, the unaudited figures indicate a company facing some financial pressures. It’s a small company, and the numbers are a little off, but it’s still a solid operation.

Registered in England/Wales under the registration number 00615818, with a registered address at BB2 2AN, Lancashire, Weir Street, Blackburn.

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