Wke (middlesbrough) Ltd

Wke Middlesbrough Ltd from Middlesbrough UK is a small holding company with an active status, founded five years ago in 2019. The company employs six people and holds £3,825,166 in assets. It has four directors and one owner, and maintains a real address, though its Google rating sits at 3.0 based on just three reviews. Wke Middlesbrough Ltd regularly imports machinery, boilers, and mechanical appliances; parts, with 22 months of import activity recorded.

The company operates in the recovery of sorted materials industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. Its website highlights a mission to develop a waste-derived alternative fuel that reduces energy costs for industry and dramatically reduces CO emissions. The company targets key sectors like cement, power, steel, and brick, offering a lower-carbon footprint and cost-saving benefits. Recent blog posts discuss engineering legacies and workforce expansions, alongside updates on plant automation and fuel pellet benefits.

Financially, Wke Middlesbrough Ltd shows mixed signals. Cash reserves have declined by 38%, falling to £1.7 million, while bank borrowings have increased by 33%, reaching £61 million. Creditors have also risen by 33%, reaching £61 million, and trade debtors have ballooned by 51%, suggesting potential payment delays. Despite these challenges, net assets increased by 19,000%, reaching -£13 million. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s growth in assets, however, could indicate successful procurement of new equipment or expansion of its storage facility. The increase in creditors and debtors, though, warrants further investigation to determine if it reflects improved sales or potential cash flow issues.

Registered in England/Wales under the registration number 12294393, with a registered address at TS2 1UT, United Kingdom, Middlesbrough, Cleveland, Waste Knot Energy, Riverside Park Road.

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