Euroffice Limited

Euroffice Ltd, based in Redhill, UK, is a large, holding company with an active status. Established 25 years ago, in November 1999, it employs 28 people and manages assets totaling £11,779,459. The company generates £14,252,131 in yearly revenue and operates from a real address, with three directors and one owner at the helm. It runs an e-commerce site and currently holds a 3.0 Google rating based on just two reviews.

Euroffice Ltd is a full-service business solution provider, specializing in office supplies, furniture, and workplace essentials. Its website showcases a vast selection of products, from ink cartridges and stationery to office chairs and warehouse packaging. The company emphasizes quality brands like HP, Canon, and QConnect, and offers next-day delivery and a low-price guarantee. It also has a rewards program and a credit account option for business customers.

Financially, Euroffice Ltd’s picture is mixed. While revenue remained stable, current assets decreased by 7.1% to £12,000,000. Bank borrowings decreased by 44% to £320,000, and cash reserves fell by 57% to £530,000. However, net assets increased by 8.5% to £9,500,000, and creditors decreased by 20% to £6,000,000. The company’s size qualifies it as a large company, meeting two of three criteria: turnover exceeding £36 million, assets exceeding £18 million, and employing more than 250 people. The company’s unaudited financial statements were prepared by Menzies LLP.

The sharp decline in cash reserves could indicate increased operating expenses or investments in growth initiatives. It’s possible that the company is expanding its product offerings or marketing efforts, which would require additional capital. The decrease in bank borrowings suggests a reduction in debt, which is a positive sign for financial health. Overall, Euroffice Ltd appears to be a stable, large company, but it's worth monitoring its cash flow in the coming months.

Registered in England/Wales under the registration number 03877111, with a registered address at RH1 5DZ, England, Redhill, Unit 4, Perrywood Business Park, Honeycrock Lane.

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