Devon Conversions Limited

Devon Conversions Ltd, based in County Durham, UK, is a small, holding company with an active status. Founded 35 years ago in 1990, the company employs 15 people and holds £1,818,012 in assets. It operates from a real address and is managed by three directors and one owner, boasting a respectable Google rating of 4.0 based on 29 reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with 9 months of import activity recorded, the latest in June 2024.

The company’s website highlights its core business: the sale of new and used motorhomes and campervans. Devon Conversions Ltd caters to both new and used vehicle enthusiasts, offering a range of options from conversions on used vehicles to brand new motorhomes. The site provides detailed information on each vehicle, along with contact details and a brochure request form. It’s a straightforward, functional website focused on showcasing its products and facilitating sales.

Financially, Devon Conversions Ltd presents a mixed picture. Current assets increased by 16% to £1,800,000, while net assets decreased by 12% to £1,000,000. Bank borrowings increased by 1700% to £410,000, and cash reserves decreased by 47% to £720,000. Creditors increased by 94% to £810,000, suggesting a need for more efficient payment management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the decrease in equity raises questions about its long-term financial stability. The company is exempt from an audit, so the figures rely on unaudited director-reported data.

The sharp increase in bank borrowings, alongside a decrease in cash reserves, suggests the company may be burning through money like a startup, potentially to expand its inventory or invest in marketing. The increase in creditors could also be a sign of delayed payments to suppliers. While the company's Google rating is positive, the financial data indicates a need for careful management to ensure its continued success.

Registered in England/Wales under the registration number 02472006, with a registered address at DL17 9DE, County Durham, Mainsforth Road, Ferryhill.

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