C.p. Witter Limited

Cp Witter Ltd, based in Deeside, UK, is a sizable company with a long history, having been founded 47 years ago in 1978. It operates as a holding company and currently has an active trading status. The business employs 52 people and holds assets worth £4,583,161. With three directors and one owner, and a real registered address, it’s a well-established entity, though its 3.0 Google rating from 47 reviews suggests room for improvement. The company regularly imports and exports vehicles, parts, and accessories—excluding those for trains or trams—with 97 months of import activity and 70 months of export activity recorded.

Cp Witter Ltd specializes in the manufacture, assembly, and marketing of towbars and accessories. Its website highlights a broad range of products, from standard towballs to bike racks and electrical kits, catering to a diverse customer base. The site even offers a "Find an approved centre" feature, indicating a network of fitters across the UK. The business seems to be embracing modern retail practices, with a "WebFit" service and a focus on online vehicle configuration.

Financially, Cp Witter Ltd’s recent performance presents a mixed picture. Net assets plunged a staggering 73%, falling to -£2,400,000—a significant decline. Bank borrowings increased by 1,500%, reaching £200,000, while cash reserves decreased by 60% to £80,000. Creditors also rose by 41%, suggesting increased reliance on short-term financing. On a more positive note, trade debtors decreased by 45%, indicating improved collection of payments. The company’s size—meeting two of three criteria for a large company—helps it maintain a competitive edge, but the sharp decline in equity raises concerns. Dyke Yaxley Limited served as the auditor, and the financial statements are unaudited.

Despite these financial pressures, Cp Witter Ltd’s long history and established network of approved fitters suggest resilience. The company’s focus on quality and customer service, as evidenced by its website and product range, positions it well in the competitive towbar market. However, addressing the equity decline and managing debt will be crucial for its long-term success.

Registered in England/Wales under the registration number 01362420, with a registered address at SY3 7FA, United Kingdom, Shrewsbury, Shropshire, Dyke Yaxley Limited 1 Brassey Road, Old Potts Way.

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