Ergostar Ltd

Ergostar Ltd from Wellingborough UK: small company, active status, founded 23 years ago, 1 employee, £389,111 assets, real address, 3 directors, 2 owners, family business. Regular importer of none (11 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £389,111. The company is a regular importer, with its top import category being None, totaling 11 months of imports. The last import operation was conducted on July 01, 2024.

Ergostar’s website paints a picture of a specialist manufacturer. The company profiles its production using technology like pressing and glueing, creating curved elements from technical veneer like beech and poplar. Its product range is diverse, including curved lamella for beds, chairs, and even finished chairs in various lines: ergonomic, business, job, office, and school. They also produce general products like sledges and snowshovels. Ergostar delivers its products to partners in Germany, Italy, and Canada, promising prompt satisfaction and high quality. The company is a member of the Romanian Furniture Manufacturers Association, and its website provides contact information. It seems they have a well-defined niche in curved furniture components and finished products, catering to both domestic and international markets.

Financially, Ergostar Ltd shows a mixed bag. While current assets increased by 25% to £390,000, net assets only grew modestly by 6.7% to £200,000. Bank borrowings decreased slightly, but creditors jumped significantly by 72% to £180,000 – a notable increase. Cash reserves, however, saw a healthy 54% increase to £7,900. The company’s small size helps it remain nimble, but the rise in creditors warrants a closer look. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements. Depreciation on plant machinery decreased by 15%, which is a good sign. Overall, Ergostar appears to be holding its own, but the increased debt suggests they may be investing in growth or facing some short-term cash flow pressures.

Registered in England/Wales under the registration number 04437229, with a registered address at NN29 7RQ, Wellingborough, Northamptonshire, 16-20 Williams Way, Industrial Estate, Wollaston.

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