Euro Commercials (south Wales) Limited

Euro Commercials South Wales Ltd, based in Cardiff, UK, is a substantial player in the commercial vehicle sector. Established 45 years ago in 1979, this holding company employs 165 people and boasts impressive assets of £36.89 million, generating a yearly revenue of £73.91 million. With four directors and one owner, the company holds a respectable 4.0-star rating on Google based on 180 reviews. They are an irregular importer of electrical machinery and equipment, with the last import operation taking place one month ago.

The company operates as a Mercedes-Benz dealer, selling new vans and trucks and providing associated services. Their website showcases a wide range of vehicles, from the Citan to the Actros, and emphasizes their commitment to customer service and aftersales support. They have locations in Cardiff, Swansea, and Newport, offering a “Service While You Sleep” option and dedicated mobile fleet servicing vans.

Financially, Euro Commercials South Wales Ltd presents a mixed picture. While turnover increased by 7.2% to £74 million, net assets declined by 15% to £43 million. Bank borrowings increased by 100% to £1.2 million, while cash reserves decreased by 30% to £12 million. Creditors decreased by 10%, suggesting improved debt management. The company meets two of three criteria to be considered a large company: turnover exceeding £36 million and balance sheet total exceeding £18 million. The company’s auditor is Haines Watts Wales LLP.

The increase in bank borrowings and decrease in cash reserves could indicate increased investment in the business, or perhaps a period of tighter cash flow. The company’s continued growth in turnover suggests strong demand for its products and services, despite the financial pressures. The company's consistent focus on customer service and its extensive network of locations position it well for continued success in the competitive commercial vehicle market.

Registered in England/Wales under the registration number 01459115, with a registered address at CF23 9AQ, United Kingdom, Cardiff, Ipswich Road.

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