Blackvein Circuits Limited

Blackvein Circuits Ltd from Newport, UK, is a small, active company founded eight years ago. With three employees and £384,574 in assets, it’s a solo-founded operation led by a single director and owner. The company regularly imports electrical machinery and equipment, with 18 months of import activity recorded, the latest in April 2024.

The company operates in the manufacture of electronic components industries. Its website is non-existent, which suggests a business-to-business model rather than direct consumer sales. This means they likely supply components to larger manufacturers, rather than selling directly to the public.

Financially, Blackvein Circuits Ltd presents a mixed picture. While cash reserves decreased by 12% to £180,000, current assets remained steady at £380,000. Bank borrowings decreased by 32%, reaching £25,000, and creditors decreased by 4.6%, suggesting improved debt management. Trade debtors increased significantly by 15%, which could indicate growing sales but also potential issues with collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decline in cash reserves is something to watch. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's financial data suggests it’s not burning through money at a startup pace, but it’s not experiencing rapid growth either. The decrease in cash reserves could be due to increased investment in inventory or equipment to support its import activities. The increase in trade debtors could be a temporary blip or a sign of longer-term collection challenges.

Registered in England/Wales under the registration number 10651040, with a registered address at NP11 7QN, United Kingdom, Newport, Gwent, Duffryn Isaf Duffryn Terrace, Wattsville, Cross Keys.

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