Eurosonic Group Limited

Eurosonic Group Ltd, based in Manchester, UK, is a holding company with a solid 46-year history. Currently active, the company employs 87 people and holds assets worth £17,456,056. It has a real address and is managed by three directors and a solo founder, who also owns the business. A Google rating of 4.0 based on 18 reviews suggests a generally positive customer perception. The company regularly imports and exports electrical machinery and equipment, with 1499 months of import activity and 246 months of export activity recorded.

The company's website highlights its role as a supplier of quality homeware, kitchenware, and electrical supplies. For over 40 years, Eurosonic Group has worked alongside global manufacturers to source and develop products. It boasts a brand portfolio including names like Daewoo, Hairy Bikers, and Prochef. The website details its design, quality assurance, and sourcing processes, including private labeling solutions for customers. It also provides warranty registration links for its key brands.

Financially, Eurosonic Group Ltd’s recent report presents a mixed picture. Accrued liabilities decreased slightly, while accumulated amortisation on intangible assets increased. Bank borrowings saw a significant decrease, falling by 38%, and cash reserves increased by 77% to £730,000—a positive sign. However, profit loss deepened considerably, dropping 73% to just £39,000. Trade debtors increased by 890%, which could indicate delayed payments or an expansion of credit terms. The company’s total assets decreased by 14% to £17,000,000. The report doesn't mention an auditor.

Overall, Eurosonic Group Ltd appears to be navigating a period of change. While its cash position is strong and it maintains a diverse range of products, the decline in profitability and increase in trade debtors warrants attention. The company's long history and established brand partnerships provide a solid foundation, but adapting to market pressures will be key to its continued success.

Registered in England/Wales under the registration number 01394171, with a registered address at M32 0TB, England, Manchester, Brightgate House 1 Brightgate Way, Stretford.

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