Essex Tube Windings Limited

Essex Tube Windings Ltd, based in London, UK, is a small, family-run business with an active status, having operated for 35 years. The company employs 20 people and holds £821,746 in assets, operating from a virtual address shared by many other companies. With five directors and three owners, it maintains a stellar 5.0 Google rating based on 14 reviews. The firm is an irregular importer of electrical machinery and equipment, with recent activity recorded just two months ago.

The company’s website is not available, making it difficult to determine its exact operations beyond what’s publicly available. However, it is known to operate within the manufacture of paper and paperboard industries.

Financially, Essex Tube Windings Ltd shows a mixed picture. Cash and cash equivalents increased by 19%, reaching £510,000, while net assets grew by 9.1%, hitting £520,000. However, creditors decreased by 15%, suggesting better debt management. Trade debtors decreased by 9.1%, which could indicate improved collection of payments. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. A significant increase in corporation tax payable, up 48%, could be a sign of increased profitability, but it also means the company is paying more in taxes. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

In short, Essex Tube Windings Ltd appears to be financially stable, with growing assets and cash reserves, but the increased tax burden and reliance on unaudited figures warrant closer monitoring.

Registered in England/Wales under the registration number 02402078, with a registered address at E20 1HZ, United Kingdom, London, 19th Floor 1 Westfield Avenue.

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