Avica Uk Ltd

Avica UK Ltd, based in Watford, UK, is a medium-sized company with an active status, having operated for 26 years. Employing 81 people, the company boasts assets of £3,625,394 and generates an impressive £11,964,081 in yearly revenue. It’s a real address, managed by a single director and owner, who is also the solo founder. The company regularly imports glass and glassware, with the last import operation recorded four months ago.

Avica UK Ltd operates as a wholesale supplier of cleaning, hygiene, catering, and healthcare supplies. Its website showcases a wide range of products, from tableware and kitchen hygiene to PPE and medical equipment. It caters to both standalone kitchens and businesses managing multiple sites across the UK, emphasizing a "friendly team" and "fantastic range of products" at competitive prices. They even offer mini shops, Christmas accessories, and eco-friendly options, highlighting a commitment to sustainability.

Financially, Avica UK Ltd presents a mixed picture. While turnover remained steady at £12 million, net assets dipped slightly to £900,000. Bank borrowings increased considerably, reaching £120,000, and cash reserves decreased by 30% to £28,000. Creditors, however, decreased by 18%, suggesting better debt management. The company meets the criteria for a medium-sized business, with turnover under £36 million, assets under £18 million, and less than 250 employees. The absence of an auditor mentioned in the report suggests it’s exempt from mandatory auditing, relying on unaudited statements.

The increase in bank borrowings and decrease in cash reserves could indicate investments in inventory or expansion efforts. The company’s focus on customer service and a broad product range suggests a strategy to maintain market share, but the financial numbers warrant close monitoring. The company’s continued operation and the ongoing demand for its products suggest a resilient business, despite the financial pressures.

Registered in England/Wales under the registration number 03708767, with a registered address at WD18 8QZ, England, Watford, 40 Caxton Way.

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