Euro Workspace Limited

Euro Workspace Limited, based in Colchester, UK, is a holding company with an active status, established thirteen years ago. Employing fifty-nine people and boasting assets of £7,283,977, the company operates from a virtual address, a fact highlighted by the presence of 109 other companies registered at the same location. Four directors and one owner (though the owner list changed recently) steer the business, which currently holds a Google rating of 4.0 based on six reviews.

The company's primary focus is providing smart locker storage solutions for UK workplaces, as evidenced by its website. It offers a wide range of products, from traditional lockers to high-tech smart lockers, work pods, and modular seating. The website showcases its work in various sectors, including education, healthcare, leisure, and office environments, and includes case studies and client testimonials. It’s clear they're aiming for a premium, technologically advanced image.

Financially, Euro Workspace Limited’s recent report reveals some interesting trends. While cash and cash equivalents increased by a substantial 69%, reaching £2,700,000, net assets only increased by 11%, to £3,800,000. Administrative expenses, however, jumped by a significant 40%, reaching £4,500,000, suggesting increased operational costs. Bank borrowings decreased by 22%, to £36,000, which could indicate improved debt management. The company’s net profit also declined by 43%, to £990,000. The company is classified as a large company, having met two of three criteria: turnover more than £36 million, balance sheet total more than £18 million, and average number of employees more than 250.

The company regularly imports machinery, boilers, and mechanical appliances, parts, with 82 months of import activity recorded, and exports furniture, lighting, and prefabricated buildings, with 9 months of export activity. The lack of an auditor is noted, which is likely due to the company’s size. Overall, Euro Workspace Limited appears to be a well-established player in its market, but the increased expenses and decreased profits warrant closer monitoring.

Registered in England/Wales under the registration number 07724692, with a registered address at CO1 1TG, England, Colchester, Essex, The Octagon Suite E2, 2nd Floor, Middleborough.

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