Xrn Engineering Limited

Xrn Engineering Ltd from Horsham UK: a small holding company with an active status, was founded 45 years ago and employs 14 people. It holds assets worth £6,027,462, but operates from a virtual address, with 307 other companies registered at the same location. The company is led by four directors and has one owner. Xrn Engineering is a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), having imported for 256 months and exported for 347 months.

The company specializes in the manufacture and distribution of high-quality parts for classic British sports car brands like MG, Triumph, Jaguar, Austin Healey, Classic Mini, and Morris Minor. Originally based in Bracknell, Xrn Engineering expanded to Guildford in 2001 and then to a purpose-built facility in Milford, Surrey in 2007, allowing for a more comprehensive product range. Its website highlights a trade-only focus, catering to specialists in the classic car industry.

Financially, Xrn Engineering Ltd demonstrates a mixed picture. While total assets remained steady at £6,000,000, cash reserves increased by 23% to £2,600,000. However, creditors rose by 13% to £2,100,000, and trade debtors increased by 15% to £550,000. The company’s net assets remained stable at £5,600,000, and its small size (meeting two of three conditions for being a small company) provides flexibility. Corporation tax payable, however, jumped dramatically by 910% to £120,000, which could indicate a change in tax circumstances. The company’s financial statements are unaudited, as it is exempt from an audit.

The company’s continued success in the niche market of classic British sports car parts suggests a loyal customer base and a strong reputation. The increase in creditors, however, warrants close monitoring to ensure sustainable financial health.

Registered in England/Wales under the registration number 01485409, with a registered address at RH12 1ER, England, Horsham, West Sussex, Second Floor Ridgeland House, 15 Carfax.

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