Nidec Sr Drives Manufacturing Ltd. in London, EC4M 7RB

Description

Data updated on: 14-03-2023

1993 marks the beginning of Nidec Sr Drives Manufacturing Ltd., a company which was situated at C/o Interpath Ltd, 10 Fleet Place in London. It was started on 1993-10-27. The reg. no. was 02868007 and the company area code was EC4M 7RB. The firm had been operating on the British market for approximately thirty years until 2023-01-19. The firm has a history in business name changes. Up till now the firm had two other names. Up till 2010 the firm was prospering as Sr Drives Manufacturing and up to that point its registered company name was Ee Construction.

Regarding to this firm, a number of director's assignments have so far been carried out by Sidney A., Brian W. and Michael T.. When it comes to these three managers, Michael T. had supervised the firm for the longest time, having become a member of company's Management Board 7 years ago.

Previous company's names
Nidec Sr Drives Manufacturing Ltd. 2010-12-15
Sr Drives Manufacturing Limited 1999-02-17
Ee Construction Limited 1993-10-27

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-03-31	2019-03-31
Currency

Balance Sheet
Cash Bank On Hand	209 855	204 363
Current Assets	4 132 691	2 396 520
Debtors	2 030 948	1 545 727
Net Assets Liabilities	2 131 263	1 660 314
Other Debtors	450
Property Plant Equipment	125 614
Total Inventories	1 891 888	646 430

Other Financial Data
Audit Fees Expenses	6 750	6 900
Accumulated Depreciation Impairment Property Plant Equipment	918 453	811 948
Administration Support Average Number Employees	5	5
Administrative Expenses	248 298	1 023 316
Amounts Owed To Related Parties	985 948	338 652
Applicable Tax Rate	19	19
Average Number Employees During Period	33	31
Comprehensive Income Expense	529 720	-470 949
Cost Inventories Recognised As Expense Net Write Downs Reversals	2 639 837	4 789 072
Cost Sales	3 726 584	4 646 034
Creditors	2 115 063	736 738
Current Tax For Period	133 228	-183 780
Deferred Tax Assets	1 247
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-7 595
Deferred Tax Liabilities	13 225
Depreciation Expense Property Plant Equipment	51 386	15 334
Disposals Decrease In Depreciation Impairment Property Plant Equipment		-128 418
Disposals Property Plant Equipment		-232 119
Finished Goods Goods For Resale	356 260	425 177
Further Item Debtors Component Total Debtors		171 269
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss	-914	-51 139
Gross Profit Loss	904 821	370 519
Increase Decrease From Total Impairment Loss Recognised Or Reversed Property Plant Equipment		6 579
Increase Decrease In Current Tax From Adjustment For Prior Periods	579	-244
Increase Decrease In Existing Provisions		-12 511
Increase From Depreciation Charge For Year Property Plant Equipment		15 334
Interest Payable Similar Charges Finance Costs	591	2 176
Net Current Assets Liabilities	2 017 628	1 659 782
Operating Profit Loss	656 523	-652 797
Other Creditors	7 333	3 131
Other Departments Average Number Employees	8	7
Other Payables Accrued Expenses	189 720	62 649
Pension Costs Defined Contribution Plan	25 425	41 111
Prepayments	2 370
Production Average Number Employees	20	19
Profit Loss	529 720	-470 949
Profit Loss On Ordinary Activities Before Tax	655 932	-654 973
Property Plant Equipment Gross Cost	1 044 067	811 948
Provisions	11 979	-532
Provisions For Liabilities Balance Sheet Subtotal	11 979	-532
Raw Materials Consumables	1 273 865	221 253
Revenue From Sale Goods	4 631 405	5 016 553
Social Security Costs	71 139	61 868
Staff Costs Employee Benefits Expense	836 027	755 695
Taxation Social Security Payable	75 191	32 337
Tax Expense Credit Applicable Tax Rate	124 627	-124 445
Tax Increase Decrease Arising From Group Relief Tax Reconciliation		-49 352
Tax Increase Decrease From Effect Capital Allowances Depreciation		-13 225
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 006	3 242
Tax Tax Credit On Profit Or Loss On Ordinary Activities	126 212	-184 024
Total Assets Less Current Liabilities	2 143 242	1 659 782
Trade Creditors Trade Payables	631 488	299 969
Turnover Revenue	4 631 405	5 016 553
Wages Salaries	739 463	652 716
Work In Progress	261 763