Billions Europe Ltd

Billions Europe Ltd, based in Stockton-On-Tees, UK, is a large, active company founded ten years ago. Employing 22 people and boasting assets of £161,249,522, it's a significant player in the UK business landscape. With four directors and one owner, and a stellar 5.0 Google rating from two reviews, the company maintains a real address and operates with a degree of stability. It’s an irregular exporter, primarily dealing in tanning and dyeing products, with just one month of export activity recorded as of April 2022.

The company operates in the manufacture of dyes and pigments industries. Its website is unavailable, making it difficult to assess its online presence or e-commerce activities.

Financially, Billions Europe Ltd presents a mixed picture. While assets remain substantial, several key metrics have declined. Current assets decreased by 24% to £160 million, and net assets have fallen by a significant 160% to £23 million. Bank borrowings have increased by a substantial amount, and cash reserves have plummeted 57% to £9.3 million. Creditors have also decreased by 33%, suggesting improved debt management, although the decrease in net assets is concerning. The company’s average number of employees has increased by 14% to 25. It's worth noting that deferred tax expense credit has increased by 130%, which could be a positive sign for future profitability. The company’s auditor is Azets Audit Services.

Overall, Billions Europe Ltd appears to be facing financial headwinds, despite its large asset base. The decrease in net assets and cash reserves warrants close monitoring, although the decrease in creditors and increase in deferred tax credit offer some hope for the future.

Registered in England/Wales under the registration number 09298775, with a registered address at TS18 3EX, Stockton-On-Tees, Cleveland, Winder House, Kingfisher Way.

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