X-cel Superturn Ltd

X-Cel Superturn Ltd, based in Rotherham, UK, is a well-established precision engineering company with a strong reputation. Founded 42 years ago in 1983, the company employs 108 people and holds assets valued at £26,233,149. It operates from a real address and is led by seven directors, with Taylor Andrew Nicholas as the sole owner and solo founder. The company boasts a perfect 5.0 Google rating based on six reviews.

X-Cel Superturn specializes in providing turnkey engineering solutions for demanding industries like oil & gas, renewables, defence, petrochemical, nuclear, and power generation. The company’s website highlights its expertise in precision machined and fabricated components, with two distinct divisions: Xcel Superturn and Vector Xcel. Vector Xcel focuses on manufacturing components, while Xcel Superturn provides broader engineering services. They also have a third arm, Xcel Careers, which highlights their commitment to employee development, offering competitive salaries, profit-sharing, and a modern working environment. Recent news highlights contract wins and an acquisition of Newburgh Precision Engineering, signaling expansion and growth.

Financially, X-Cel Superturn shows a mixed picture. While turnover is substantial, reaching £20 million, the company experienced a net loss of £3.7 million, a significant drop from the previous year. Cash reserves declined by 18% to £1.1 million, and bank borrowings increased by 13% to £1.1 million. However, creditors decreased by 18%, indicating improved debt management. Impairment losses on property, plant, and equipment amounted to £500,000. Despite these challenges, the company’s large asset base and continued investment in expansion suggest resilience. The company is considered a large company, meeting two of the three criteria for size: turnover exceeding £36 million and balance sheet total exceeding £18 million. The financial statements were audited by BHP LLP.

The company’s consistent import of iron or steel products (145 months) and regular export of machinery, boilers, and mechanical appliances (367 months) demonstrate a stable supply chain and international reach. While the recent financial performance raises some concerns, X-Cel Superturn’s long history, diverse customer base, and ongoing investments position it for continued operation, although a more detailed analysis of the causes behind the losses would be benificial.

Registered in England/Wales under the registration number 01710788, with a registered address at S60 5FS, Rotherham, Unit 3 R-Evolution@Amp, Brindley Way.

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