Equipnet Ltd

Equipnet Ltd from Bridgend UK: a small, active company founded 14 years ago, employs 23 people, and holds £5,012,927 in assets. Based at a real address, it's managed by two directors, though no owners are officially listed. The company operates an e-commerce site and regularly imports and exports machinery, boilers, and mechanical appliances – parts, with 12 months of import activity and a substantial 129 months of export activity.

The company's core business involves the manufacture of wooden containers, warehousing and storage for land transport, and other service activities. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. While the company has two directors, it’s interesting that no owners are listed, which is a bit unusual.

Looking at the financials, there's a mixed picture. Cash reserves have fallen by 17% to £3.7 million, and net assets have decreased by 25% to £1.3 million. Bank borrowings have increased significantly, reaching £400,000. However, trade debtors have risen by 53%, suggesting the company is getting paid more quickly. Creditors have also decreased, indicating better debt management. The company’s losses have decreased significantly, from -£520,000 to £77,000.

The company’s average number of employees has increased by 13% to 26, which could be a sign of growth, or perhaps an increase in temporary staff. The company’s accounts were audited by Menzies LLP, and the auditor’s report was unqualified. It’s worth noting that the company has taken an exemption under the Companies Act, so its profit and loss account isn’t published.

Overall, Equipnet Ltd appears to be navigating a period of change. While it's facing some financial pressures, its active import/export operations and growing employee base suggest it’s still a viable business.

Registered in England/Wales under the registration number 07543978, with a registered address at CF31 3XA, Wales, Bridgend, Equipnet Ltd Brocastle Avenue, Waterton Industrial Estate.

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