Wold Engineering Limited

Wold Engineering Limited is a small, active company based in Lincolnshire, UK, established 34 years ago in 1990. With nine employees and £364,150 in assets, it operates from a real address and is overseen by five directors and two owners. The company is an irregular importer of machinery, boilers, and mechanical appliances, with recent activity in June 2024, and an irregular exporter of optical and medical tools, with its last export in August 2024.

The company’s website reveals a focus on agricultural engineering, specializing in OXBO machinery – a brand it supports with service, spares, and fabrication. Wold Engineering boasts an in-house fabrication department capable of handling both large and small projects, working with mild and stainless steel. They also offer specialist builds and agricultural modifications, and even provide CAD design and manufacturing solutions. The company’s website is a bit dated, but it does a good job of showcasing their expertise and range of services.

Financially, Wold Engineering Limited presents a mixed picture. While cash reserves increased by 51% to £210,000, net assets decreased by 8.8% to £120,000. Creditors have increased significantly, rising by 32% to £290,000, while trade debtors have fallen by nearly 7%. Depreciation on plant machinery has decreased by 33%, which is a positive sign, but bank borrowings have also increased. The company’s small size—meeting two of three conditions to be considered small—allows for flexibility, but the increase in creditors could indicate some financial strain. There’s no mention of an auditor, which is typical for small companies.

Overall, Wold Engineering Limited appears to be a stable, albeit small, business with a niche focus. While the financial figures show some challenges, the company's expertise in agricultural engineering and its support for OXBO machinery suggest a solid foundation for continued operation.

Registered in England/Wales under the registration number 02549741, with a registered address at LN8 6HT, Lincolnshire, Swinhope, Market Rasen.

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