Charnvel Limited

Charnvel Ltd from Nottingham UK: a small holding company with an active status, has been operating for 37 years. Employing 25 people and holding assets of £4,876,699, it maintains a virtual address, managed by three directors and one owner. It has a respectable Google rating of 4.0 based on seven reviews and is an irregular importer of electrical machinery and equipment, with just one month of imports recorded in 2018.

The company’s website reveals it's a manufacturer of low-voltage distribution switchgear and control panels, serving industries like manufacturing, utility, railway, telecommunications, and construction. It offers a broad range of products, from feeder and breaker cabinets to transformer-mounted fuseswitch cabinets, and even provides custom solutions like relocatable containerised switch rooms. Charnvel operates a large-capacity plant and prides itself on offering superb levels of customer service, from initial tender to project completion. The company even boasts national grid approved switchgear and has worked with major players like Scottish Power and Iberdrola.

Financially, Charnvel Ltd shows a mixed picture. Cash reserves have increased significantly by 42%, rising to £2 million, while current assets are up 17% to £4.9 million. However, corporation tax payable has risen sharply by 57% to £230,000, and net losses have deepened. Creditors have increased by 16% to £1.3 million, and trade debtors have jumped by 25% to £1 million. The company's small size—meeting two of three conditions for being classified as small—allows for flexibility, but the rise in tax and creditors suggests it’s burning through cash a little faster than it’s bringing in revenue. The lack of an auditor mentioned indicates it’s likely exempt from an audit as a small company. It's clear that Charnvel Ltd is a well-established player in its niche, but it will need to manage its finances carefully to sustain its growth.

Registered in England/Wales under the registration number 02238866, with a registered address at NG9 6RZ, England, Nottingham, 2 Regan Way, Beeston.

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