Woodway Engineering Limited

Woodway Engineering Ltd from Coventry UK: a small holding company with an active status, was founded six years ago in 2018. The company employs 31 people and holds assets valued at £5,812,310. It has a real address, is overseen by three directors, and is owned by one individual. Woodway Engineering regularly imports and exports electrical machinery and equipment, with 348 months of import activity and 161 months of export activity recorded.

The company operates in the other manufacturing n.e.c. industries, and is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. It’s a holding company, and the company’s status is active. Woodway Engineering is owned by Woodway Holdings Ltd. The directors are Henson Paul John, Pare Alf George, and Taylor Deborah Suzanne.

Looking at the financial data, Woodway Engineering has seen some interesting changes. Depreciation on computer equipment increased by 93%, while furniture fittings depreciation decreased by 39%. Cash reserves have grown by 41% to £3 million, which is good news. However, bank borrowings have increased significantly, rising by 220% to £540,000, and creditors have also increased by 36% to £120,000. The company’s net assets have increased by 6.5% to £5.9 million, and net current assets and liabilities have increased by 7.1% to £5.7 million.

It's worth noting that the company’s trade debtors have decreased by 6.8%, which could be a sign of better collection practices. The company’s tax policy involves recognising current and deferred tax, and depreciation is provided at varying rates. The financial statements are prepared in accordance with Financial Reporting Standard 102 and the Companies Act 2006. There is no auditor mentioned, likely due to the company’s small size.

Overall, Woodway Engineering Ltd appears to be a stable, albeit growing, company. The increase in borrowings suggests the company may be investing in expansion or dealing with increased operating costs. The growth in cash reserves and net assets is a positive sign, but the rising debt levels warrant close monitoring.

Registered in England/Wales under the registration number 11561797, with a registered address at CV7 9LD, United Kingdom, Coventry, West Midlands, Lower Road, Barnacle.

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