Eurorad Limited

Eurorad Ltd, based in Stoke-On-Trent, UK, is a sizable holding company with an active status, established five years ago. The company employs seventy-one people and boasts assets of £15,340,461, generating a yearly revenue of £47,173,963. It has a real address and is managed by three directors and one owner. Eurorad regularly imports machinery, boilers, and mechanical appliances parts, with a history of 114 months of import activity.

The company’s website highlights its focus on towel radiator design and heating element solutions. It advertises a five-year guarantee related to functionality and quality, and even has a copyright date of 2019. It appears to be operating in the retail sale via mail order houses or via internet industries.

Looking at the financial data, Eurorad Ltd’s situation presents a mixed picture. Accrued liabilities have increased significantly, up 130% to £4,000,000, while depreciation on plant and machinery has also risen. However, cash bank on hand has grown by 8.4% to £1,800,000. Perhaps most concerning is the substantial increase in administrative expenses, up 73% to £7,400,000. Turnover has also increased by a healthy 54%, reaching £47,173,963, but net assets have decreased. The company’s small size (meeting two of three criteria for a large company) allows for flexibility, but the rising expenses and decreasing equity are something to keep an eye on. The lack of an auditor mentioned suggests the company is exempt, and the figures are unaudited.

Overall, Eurorad Ltd seems to be a successful importer and retailer, but the financial trends suggest it may be burning through cash a little too quickly.

Registered in England/Wales under the registration number 12091868, with a registered address at ST6 5DX, England, Stoke-On-Trent, Staffordshire, Harewood Street, Tunstall.

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