Yorkshire Engineering Services Limited

Yorkshire Engineering Services Ltd, based in Goole, UK, is a small, holding company with an active status. Founded 38 years ago in 1986, it employs six people and holds £253,493 in assets. With a real address and a single director overseeing three owners, the company maintains a stellar 5.0 Google rating based on two reviews. It’s an irregular importer, primarily dealing with optical and medical tools and devices, with the last import operation recorded 11 months ago in November 2022.

The company operates in the wholesale of other machinery and equipment industries. Its website is currently unavailable, so it’s difficult to assess its online presence and e-commerce activities.

Financially, Yorkshire Engineering Services Ltd shows a concerning trend. Current assets have plummeted by over half, decreasing from £530,000 to £250,000. Similarly, net assets have fallen significantly, dropping from £440,000 to £190,000. Bank cash has also decreased by 73%, down to £21,000. Trade debtors have suffered a large drop, from £410,000 to £190,000. Creditors have also decreased, from £130,000 to £98,000. The company is classified as small, meeting two of three conditions: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is likely due to its small size, and the figures are unaudited.

While the company’s long history suggests stability, the recent financial downturn raises questions. The decrease in assets and cash reserves, coupled with the drop in bank cash, indicates a potential strain on resources. It's likely that the company is facing challenges in managing its working capital, and it's important to monitor its financial performance closely.

Registered in England/Wales under the registration number 02026157, with a registered address at DN14 6XL, Goole, North Humberside, Unit 1b Lidice Road.

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