Winding Technology Limited

Winding Technology Ltd from Huddersfield UK: a small, holding company with an active status, was founded 36 years ago. With just four employees and £465,682 in assets, it operates from a virtual address, managed by two directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances – parts, with 35 months of import activity recorded, and exports similar items, with 10 months of export activity.

The company's website showcases its expertise in coil winding equipment, serving the motor and transformer winding industry worldwide. It offers a comprehensive range of precision coil winding machinery and accessories, emphasizing its PCWM control system, which is one of the most advanced and user-friendly on the market. The website details products, services, and even a gallery of news and events, demonstrating a focus on customer engagement. It’s a manufacturer of other special-purpose machinery, repairs machinery, and offers engineering-related consulting.

Financially, Winding Technology Ltd’s picture is mixed. Accumulated amortisation for intangible assets increased slightly to £1,200, while depreciation on property and equipment saw a rise, with "other property plant equipment" increasing by 12% to £84,000. Amounts owed to group undertakings rose by 26% to £130,000, and bank borrowings increased to £11,000, but cash reserves took a hit, falling 37% to £200,000. Creditors also increased, rising to £250,000, and corporation tax payable jumped significantly, to £28,000. The company’s small size (meeting two of three conditions for being a small company) helps it stay nimble, but the drop in cash reserves warrants attention. The lack of an auditor mentioned suggests it’s exempt as a small company, relying on unaudited statements.

Overall, Winding Technology Ltd appears to be a stable, albeit slightly cash-strapped, business. The company's focus on a specialized niche and its commitment to quality equipment suggest a solid foundation, but managing its cash flow will be key to its long-term success.

Registered in England/Wales under the registration number 02254234, with a registered address at HD1 4EN, England, Huddersfield, 12 Greenhead Road.

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