Wolds Manufacturing Services Ltd

Wolds Manufacturing Services Ltd from Louth UK: small company, active status, founded 11 years ago, 65 employees, £1,957,655 assets, real address, 4 directors, 2 owners, google rating 4.0 based on 11 reviews. Regular importer of machinery, boilers, and mechanical appliances; parts (7 months imported). 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, employees less than 50. The company operates in the other manufacturing n.e.c. industries.

Based in Louth, Lincolnshire, Wolds Manufacturing Services Ltd is a privately held company with a solid presence in the manufacturing sector. It’s been around for eleven years, employing sixty-five people and holding assets valued at nearly £2 million. The business has a real registered address and is managed by four directors and two owners. Its Google rating of 4.0, based on eleven reviews, suggests a positive customer experience. The company regularly imports machinery, boilers, and mechanical appliance parts, with the most recent import activity recorded seven months ago.

The company’s website is not available, so it’s difficult to determine the specifics of its operations beyond its general manufacturing focus. Without a website, it's impossible to know if they are selling directly to consumers or operating as a business-to-business supplier.

Financially, Wolds Manufacturing Services Ltd shows some concerning trends. Current assets have decreased by 13%, dropping to £2 million. Bank borrowings have also declined, falling 20% to £99,000. However, trade debtors have decreased by 15%, suggesting improved collection of payments. Cash reserves have fallen 19%, leaving £830,000. The company’s net assets remain stable at £2 million. A significant increase in the amount specific advance or credit to directors, jumping 1500%, raises questions about the company’s financial structure. With no auditor mentioned, the financial statements are unaudited, relying on internal reporting.

Overall, Wolds Manufacturing Services Ltd appears to be a stable, albeit slightly challenged, small manufacturing business. While it has a good Google rating and a history of importing essential equipment, the declining cash reserves and the increase in director advances warrant further observation.

Registered in England/Wales under the registration number 08633302, with a registered address at LN11 0WD, England, Louth, Lincolnshire, Scarborough Road, Fairfield Industrial Estate.

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