Euro Accessories Limited

Euro Accessories Ltd, based in Sandbach, UK, is a sizable company with an active status, having operated for 24 years. Employing 55 people and boasting assets of £10,812,515, it functions as a holding company with a real address and is overseen by four directors and one owner. The company operates an e-commerce site and maintains a Google rating of 4.0 based on 25 reviews. It’s a regular importer and exporter of iron or steel products, having imported for 529 months and exported for 89 months, with the most recent activity occurring in February 2025.

The company’s website, while not directly accessible for detailed analysis, suggests a focus on agents involved in the sale of timber and building materials. This indicates a B2B operation, likely connecting suppliers and customers within the construction industry. The e-commerce site likely serves as a platform for showcasing products and facilitating orders, though its precise role in the overall business model remains unclear.

Financially, Euro Accessories Ltd presents a mixed picture. While turnover increased by 10% to £40 million, net assets decreased by 15% to £6.8 million. Bank borrowings increased by 12%, reaching £380,000, and cash reserves fell by 17% to £250,000. Creditors decreased by 13%, suggesting improved debt management, but the decline in net assets warrants attention. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total exceeding £18 million, but with fewer than 250 employees. The accounts were audited by Champion Accountants LLP.

The trends suggest that while revenue is growing, the company is facing challenges in converting sales into profits. Increased borrowing and declining cash reserves could indicate a need for tighter financial controls or a strategic shift in operations. The decrease in net assets may be due to increased investment in assets, but it’s also possible that the company is burning through cash faster than it’s generating it. It's possible that the company is facing increased competition or rising costs, impacting its profitability.

Registered in England/Wales under the registration number 04126579, with a registered address at CW11 3HP, Sandbach, Cheshire, Units 1-3 Shannon Industrial Estate, Lodge Road.

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