Cleva Europe Ltd

Cleva Europe Ltd, based in Newcastle Upon Tyne, UK, is a small, active company founded seven years ago in 2017. With eleven employees and £3,393,188 in assets, it operates a real address and is managed by two directors and one owner. The company runs an e-commerce site and regularly imports and exports electrical machinery and equipment, with 156 months of import activity and 14 months of export activity.

The company's website, Vacmaster and LawnMaster, showcases a diverse range of products, from vacuum cleaners and floorcare solutions to lawn mowers and garden power tools. It’s a manufacturer, and it’s clear they are selling direct to consumer. They offer a shared battery system, and have a range of robot mowers. The site emphasizes high-performance appliances and a UK-based customer support team. They also offer accessories and spares.

Financially, Cleva Europe Ltd presents a mixed picture. Cash bank on hand decreased by 3.1% to £610,000, while current assets increased by 5.6% to £3,400,000. However, retained earnings accumulated losses dramatically improved, rising from a loss of £450,000 to a profit of £76,000 – a remarkable turnaround. Trade debtors increased by 34%, suggesting a potential need for closer credit management. Fixed assets saw a massive increase, jumping 1200% to £59,000. 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 remain nimble, but the significant improvement in equity is encouraging. The accounts are unaudited, and no auditor is mentioned, which is typical for a small company.

Overall, Cleva Europe Ltd appears to be financially stable, with a clear focus on high-performance appliances and a growing customer base. The dramatic improvement in equity suggests a successful year, although closer monitoring of trade debtors might be prudent.

Registered in England/Wales under the registration number 10960450, with a registered address at NE3 1XD, England, Newcastle Upon Tyne, Unit 20 The Chiller Baker's Yard, Christon Rd, Gosforth.

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