Wilco Manufacturing Limited

Wilco Manufacturing Ltd from Tyseley Birmingham UK: a small, active company established 83 years ago, employs 28 people, and holds assets worth £1,475,294. With four directors and one owner, the business operates from a real address and has a long history in the area. It’s an irregular importer of aluminum products, with the last import activity recorded over two years ago, but a regular exporter of iron or steel products, with recent shipments made just over a year ago.

The company’s website positions it as a turned parts manufacturer specializing in CNC machining for a wide range of industries. They offer services including turned parts, CNC sliding head machining, and assembly, catering to clients seeking precision components. Their website highlights a free positive stock holding policy and extensive machining technology, suggesting a focus on customer service and flexibility. They even have a history section on the website, which is a nice touch.

Financially, Wilco Manufacturing Ltd shows some interesting trends. Cash bank on hand decreased by nearly 6%, while trade debtors increased by 3%, which could indicate a slight delay in customer payments. Creditors also decreased, suggesting better management of short-term debt. However, the most significant change is a 15% drop in property, plant, and equipment, which might be due to depreciation or asset sales. The company’s small size (meeting two of three criteria for a small company) allows it to remain nimble, but the decline in assets warrants further investigation. With no auditor mentioned, the financial statements are unaudited.

The company’s long-standing presence and diverse services suggest a stable business, but the recent financial shifts indicate a need for careful monitoring. It’s a bit surprising that the company has seen such a drop in equipment, but hopefully, this is just a temporary situation.

Registered in England/Wales under the registration number 00368541, with a registered address at B11 2LQ, Tyseley Birmingham, West Midlands, Tyseley Industrial Estate, Seeleys Road.

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