Connect Vending Limited

Connect Vending Ltd from London UK: a small, active company founded 29 years ago, employs 61 people, and holds £2,335,922 in assets. It operates from a virtual address, is managed by six directors and owned by two individuals, and is a family business with a stellar 5.0 Google rating based on 22 reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with the last import operation occurring two months ago in February 2022.

The company specializes in providing commercial coffee machines and vending machines, offering a wide range of solutions from office coffee machines to water dispensers. Its website showcases a comprehensive selection of vending brands, including Aqua Libra, Borg Overstrm, and Coffetek, catering to diverse industries like office, industrial, and healthcare. Connect Vending positions itself as a "workplace food and beverage specialist," emphasizing bespoke solutions and a focus on customer needs. It offers services beyond just supply, including vending machine service, maintenance, replenishment, and even contactless vending options. The website also features a blog with articles on topics like workplace hydration and coffee bean grinding—a nice touch.

Financially, Connect Vending Ltd presents a mixed picture. While current assets increased by a modest 3.8% to £2,300,000, net assets saw a significant jump of 21% to £1,100,000. Bank borrowings increased by 39%, reaching £690,000, and cash reserves also rose by 39% to £690,000. Creditors decreased by 19%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in bank borrowings is something to keep an eye on. There's no auditor mentioned, likely due to its small size and exemption from an audit. The company's retained earnings also increased, suggesting a profitable year.

Registered in England/Wales under the registration number 03192497, with a registered address at W2 1HY, London, 10 London Mews.

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