Avid Plc

Avid Plc, based in Lewes, UK, is a large company with an active status, celebrating 33 years since its founding in 1992. Employing 14 individuals, the company holds assets totaling £1,645,046. It operates from a real address and is overseen by three directors and one owner. A Google rating of 3.0 based on a single review suggests room for improvement. Avid Plc is a regular importer and exporter of electrical machinery and equipment, with a long history of importing (43 months) and a shorter record of exporting (3 months).

The company’s website paints a picture of a specialist in microchip technology for pet identification and tracking. Avid Plc manufactures and sells microchips, scanners, and associated database services. They also offer breeder transfer systems, a UK microchip database (PETtrac), and even a mobile app for easy registration and tracking. The website highlights a focus on high-quality products, customer service, and technological innovation, with a particular emphasis on serving rescue centres and breeders.

Financially, Avid Plc presents a mixed picture. While cash reserves increased by a significant 42% to £1.4 million, net assets only grew modestly by 18% to £1.1 million. Bank borrowings decreased by 97%, a positive sign, but trade debtors fell by 65%, which could indicate challenges in collecting payments. A notable increase in deferred tax credit suggests potential tax planning benefits, while administrative expenses rose by 11%. The company's director remuneration increased by 14%, reflecting potential investments in leadership. Despite these changes, the company’s fixed assets saw a massive 320% increase, likely from investments in new equipment or technology. The company’s auditor, James Todd & Co Limited, has signed off on the accounts.

Overall, Avid Plc appears to be navigating a period of change. While its core business in microchip technology remains strong, the financial data suggests a need to carefully manage cash flow and debt. The company's continued investment in technology and customer service positions it well for the future, but close monitoring of key financial metrics will be essential.

Registered in England/Wales under the registration number 02691049, with a registered address at BN8 4QF, Lewes, East Sussex, Unit 1 Knights Court, South Chailey.

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