Corris Caverns Limited

Corris Caverns Ltd from Machynlleth UK is a small, active company founded 32 years ago. With 31 employees and £545,060 in assets, it’s a family business with two directors and two owners. The company irregularly imports electrical machinery and equipment, with the last import operation occurring in September 2024. It operates from a real address at the Corris Craft Centre, a popular tourist destination in Mid Wales.

The Corris Craft Centre is a vibrant hub for arts and crafts, showcasing the work of nine individual workshops. Visitors can find everything from handmade jewellery and chocolates to candles, pottery, and even gin distilled by Dyfi Distillery. The centre actively promotes itself as a “best creative days out North Wales,” offering a range of hands-on activities like chocolate making, pottery painting, and art workshops. It's also dog-friendly and offers stunning views for spotting fast jets using the Mach Loop. The centre even has a Welsh Deli and a café serving locally sourced produce.

Financially, Corris Caverns Ltd shows a mixed picture. While cash bank on hand increased by a healthy 19% to £440,000, accrued liabilities deferred income rose by 4.8% to £5,500. Average number of employees decreased by 13% to 27, and corporation tax payable jumped a significant 230% to £25,000. Creditors increased by 20% to £86,000, but trade debtors decreased by 11% to £56,000. Equity grew by 11% to £580,000, reflecting retained earnings. The company's small size—meeting two of three criteria for a small company—helps it remain agile, but the increase in tax payable could indicate a need for better financial planning. No auditor is mentioned, likely due to the company's small size and exemption from an audit. Overall, Corris Caverns Ltd seems to be weathering the storm, but keeping a close eye on expenses will be key to its continued success.

Registered in England/Wales under the registration number 02734601, with a registered address at SY20 9RF, Machynlleth, Powys, 1 Corris Craft Centre, Upper Corris.

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