Cunningham Covers Limited

Cunningham Covers Ltd from Maghera UK: a family-run holding company with a 37-year history, employs 84 people, and holds assets worth £5.21 million. Annual revenue reached £8.51 million, demonstrating a solid financial base. The company, boasting seven directors and two owners, operates a real address and maintains a 5.0 Google rating from 207 reviews. Regular imports of electrical machinery and equipment (16 months) and exports of miscellaneous metal items (44 months) highlight its international trade activity.

The company's core business revolves around the manufacture of protective covers, as evidenced by its extensive website. Cunningham Covers offers a vast array of solutions, from tarpaulins and ground sheets to specialized covers for industrial, agricultural, and transport sectors. The website showcases a diverse range of products, including custom-made covers, advertising banners, and even solutions for the oil and gas industry. The company's e-commerce site is well-organized, allowing customers to easily browse products and request quotes.

Financially, Cunningham Covers Ltd presents a mixed picture. While turnover remained steady at £8.5 million, net assets decreased by 15% to £5.2 million. Bank borrowings increased by 12%, reaching £1.1 million, while cash reserves fell by 18% to £1.5 million. Despite this, creditors decreased by 8%, suggesting improved debt management. The company's consistent revenue stream and diverse product offerings indicate a stable business model, but the decline in cash reserves warrants attention. The company’s auditor, MBS Chartered Accountants & Registered Auditors, has reported a true and fair view of the company’s financial position. The decrease in cash reserves could be attributed to increased investment in inventory or expansion efforts, but it’s something to keep an eye on.

Registered in Northern Ireland under the registration number NI020664, with a registered address at BT46 5DR, Maghera, Co Londonderry, Glenshane Industrial Park, 42 Tobermore Road.

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