Wilfred Scruton Limited

Wilfred Scruton Ltd, based in Nr.Driffield, UK, is a large, active company with a rich history, having been founded 73 years ago in 1951. Employing 61 people and boasting assets of £15,177,346, the company generates an annual revenue of £34,282,856. With eight directors and two owners, and a real address, it’s a well-established player in its sector. The company regularly imports vehicles, parts, and accessories (not for trains or trams) for 28 months, and exports machinery, boilers, and mechanical appliances; parts for 16 months.

The company's core business appears to be the repair of machinery, agents involved in the sale of machinery, industrial equipment, ships and aircraft industries. While no website is listed, this suggests a business-to-business model, likely serving industrial clients rather than direct consumers.

Financially, Wilfred Scruton Ltd presents a mixed picture. Current assets have decreased by 2.2% to £15,000,000, while bank borrowings have increased by 12%, reaching £2,800,000. Despite this, the company’s net assets remain substantial at £3,800,000. Creditors have decreased by 3.2%, indicating improved debt management. The company meets the criteria to be considered large, having a turnover of over £36 million, a balance sheet total of over £18 million, and more than 250 employees.

The company’s significant decrease in net losses from £350,000 to -£120,000 suggests a possible shift in operational efficiency. The decrease in cash reserves, however, may indicate increased investment or higher operational expenses. The company's auditor, Smailes Goldie Watson Limited, has given a true and fair view of the company’s financial position. It’s likely that the company’s focus on import and export activities, combined with its established reputation, will continue to drive its performance, although the need to manage cash flow will be crucial.

Registered in England/Wales under the registration number 00496990, with a registered address at YO25 3QQ, Nr.Driffield, Yorks, Providence Foundry, Foxholes.

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