Conveyor Units Limited

Conveyor Units Ltd, based in Stourport, UK, is a sizable company with a 61-year history, currently employing 185 people. The company holds assets valued at £25.18 million and generates an annual revenue of £18.18 million. As a holding company with an active status, it's a significant player in its sector. It has three directors and one owner, and boasts a Google rating of 3.0 based on eight reviews. The company regularly imports electrical machinery and equipment (117 months) and exports machinery, boilers, and mechanical appliances (100 months).

The company operates in the manufacture of lifting and handling equipment industries. Its website is unavailable for review, so it's impossible to determine if it operates an e-commerce platform.

Financially, Conveyor Units Ltd presents a mixed picture. While turnover declined by 40% to £12 million, net assets decreased by 30% to £15 million. Bank borrowings increased by 100% to £4 million, and cash reserves fell by 60% to £4 million. Creditors decreased by 20%, suggesting better debt management. The company meets two of three criteria for a large company, with turnover above £36 million, balance sheet total above £18 million, and employees more than 250. The decline in cash reserves and increased borrowings, however, are concerning. The company's auditor is Lewis Smith & Co.

The decrease in turnover may be due to a variety of factors, such as changing market conditions or increased competition. The increase in borrowings suggests that the company may be investing in new equipment or expanding its operations. The decrease in cash reserves suggests that the company may be facing some financial challenges, although the decrease in creditors is a positive sign. Overall, Conveyor Units Ltd appears to be a company in transition, facing both opportunities and challenges.

Registered in England/Wales under the registration number 00771623, with a registered address at DY13 9PT, Stourport,, Worcestershire, Sandy Lane,, Titton,.

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