Cannon Viking Limited

Cannon Viking Ltd, based in Stretford, UK, is a large, holding company with an active status, celebrating 42 years in business. Employing 60 people and holding assets of £4,676,857, the company generates a yearly revenue of £7,029,720. It operates from a real address and is overseen by four directors and one owner. Cannon Viking is a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts, with 100 months of import activity and 122 months of export activity.

The company’s website reveals its core business: manufacturing machinery for polyurethane foam blocks. It’s a global leader in this field, boasting over 700 machines in operation across 130 countries. Beyond machinery sales, Cannon Viking also runs a division specializing in high-end piano restoration, operating from Cambridge and even having a showroom in Harrods. This division, celebrating its own 50th anniversary, focuses on museum-grade restorations and disaster recovery services.

Financially, Cannon Viking’s report paints a mixed picture. Current assets decreased by 28%, dropping to £4,700,000, while net assets fell by 33%, settling at £990,000. Bank borrowings vanished entirely, a significant change, and cash reserves declined by 15%, reaching £650,000. Trade debtors, however, increased by 33%, suggesting potentially slower customer payments. The company’s size (meeting two of three criteria for a large company) and lack of an auditor (likely exempt due to its size) mean the figures are unaudited.

The sharp decrease in net assets and the rise in trade debtors could indicate challenges in managing working capital. However, the company’s established global presence and diversification into the high-end piano market suggest resilience. The lack of employee numbers (down to 51) might reflect a focus on efficiency and automation, but could also be a sign of restructuring.

Registered in England/Wales under the registration number 01691576, with a registered address at M32 0TL, Stretford, Manchester, Unit 1 Parkway Trading Estate, Barton Dock Road.

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