Winfield Engineering Limited

Winfield Engineering Ltd from Grantham, UK, is a holding company with an active status, celebrating 50 years since its founding in 1974. Employing 56 people, the company holds assets totaling £3,683,276. While registered at an address, it’s likely a virtual one, as 246 companies share the same location. The business is managed by six directors and owned by two individuals, with a family business feel. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import operation occurring a year ago.

The company operates in the manufacture of basic iron and steel and of ferro-alloys industries. While no website is available, it’s likely they focus on B2B sales and manufacturing rather than direct consumer engagement.

Financially, Winfield Engineering Ltd presents a mixed picture. While the company’s net assets increased by 15%, reaching £4.3 million, current assets dropped by 6.2% to £3.7 million. Bank borrowings have decreased significantly by 45%, which is a positive sign, and cash reserves increased by 140% to £1.7 million. However, trade debtors have decreased by 31%, suggesting a potential issue with customer payments. The company’s net losses decreased by 70%, which is a good indicator of improved profitability. With no auditor mentioned, the figures are unaudited.

The increase in average employees reported during the period, from 56 to 67, suggests the company is expanding its workforce. It’s possible this growth is linked to increased demand for its products or services, or perhaps a strategic move to enhance its operational capabilities. The decrease in deferred tax liability may indicate a change in tax planning strategies or a reduction in taxable income.

Registered in England/Wales under the registration number 01188208, with a registered address at NG31 6SF, Grantham, Lincolnshire, 3 Castlegate.

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