Cronapress Limited

Cronapress Ltd, based in Guiseley, UK, is a small, active company established 35 years ago. With seven employees and £490,289 in assets, it’s a long-standing business led by two directors and a solo founder. The company operates from a real address, registered with only one other business at the same location. It's a modest operation, meeting two of the three conditions to be considered small: turnover under £10.2 million and a balance sheet total under £5.1 million.

While primarily known as a regular exporter of electrical machinery and equipment – with nine months of export activity recorded up to August 2024 – Cronapress Ltd also engages in irregular importing, mainly furniture, lighting, and prefabricated buildings, with just one month of imports noted as of February 2024. The company's website is not available, so it’s difficult to determine if it operates an e-commerce site.

A review of Cronapress Ltd’s financial data reveals some concerning trends. While current assets increased significantly by 100% to £490,000, net assets have also increased by 200% to £250,000. Bank borrowings have surged by 110% to £160,000, and trade debtors have ballooned by 300% to £230,000. Creditors have decreased by 51% to £37,000. The company’s average number of employees has decreased by 29% to five. It’s possible that the increase in debtors is due to expanded credit terms or delayed customer payments, while the rise in bank borrowings may indicate a need for working capital. The decrease in employees could be a result of restructuring or cost-cutting measures. As a small company, Cronapress Ltd is exempt from an audit, so the financial data is unaudited. Overall, the company seems to be facing some financial pressure, but its long-standing presence and established export business suggest it has the potential to weather the storm.

Registered in England/Wales under the registration number 02395908, with a registered address at LS20 8BH, Guiseley, West Yorkshire, Parkside Works, Otley Road.

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