Woodwork Machinery Services Ltd

Woodwork Machinery Services Ltd from Taunton UK: a small, active company founded nine years ago, employs six people, and holds £218,745 in assets. Operating from a virtual address, it's managed by two directors and one owner, boasting a perfect 5.0 Google rating from three reviews. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded.

The company’s website reveals a comprehensive service offering beyond its name suggests. It’s not just about machinery; it's about sales, servicing, and repair. The site highlights a wide range of machinery – SCM, Harwi, Sedgwick – alongside dust extraction, tooling, and even lev testing. A dedicated section showcases preventative maintenance, breakdowns, and supply of parts, indicating a full-service approach. The website also features a "New" and "Used" machinery section, alongside a testimonials page with positive feedback from satisfied customers. It’s clear that Woodwork Machinery Services Ltd is a one-stop shop for woodworking businesses.

Financially, the company shows some concerning trends. While current assets increased by 26% to £220,000, net assets also jumped by 34% to £92,000. Bank borrowings decreased by 50% to £10,000, and cash reserves fell by 31% to £24,000. Creditors increased by 47% to £140,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The increase in creditors, however, suggests the company may be relying on credit to manage its operations. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

Overall, Woodwork Machinery Services Ltd appears to be a well-regarded service provider in the woodworking industry, but its financial performance warrants close monitoring.

Registered in England/Wales under the registration number 10030170, with a registered address at TA1 1JR, England, Taunton, Somerset, 40 St James Buildings, St James Street.

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