Evaframe Ltd

Evaframe Ltd, based in Newport, UK, is a small, active company founded 11 years ago. With 34 employees and £917,656 in assets, it’s a modest operation run by one director and owner. Google reviews are stellar, boasting a 5.0 rating from 20 reviews, and the company is a regular importer of miscellaneous metal items, with 37 months of import activity recorded.

The company operates in the retail sector, specializing in the sale of new goods. While a website isn't readily available, it’s likely Evaframe Ltd focuses on supplying materials or components related to the metal items it imports. The company’s name suggests a focus on framing or window components, but further investigation is needed to confirm this.

Financially, Evaframe Ltd presents a mixed picture. While current assets are substantial at £920,000, they’re down 12% from the previous year. Bank borrowings have decreased significantly, dropping 21% for short-term overdrafts and 49% for longer-term loans, suggesting improved cash flow management. However, creditors have increased by 27%, and net assets have plummeted 81%, falling to just £61,000. Trade debtors are up 36%, which could indicate difficulties in collecting payments. Cash reserves have also declined by 59%, leaving the company with just £150,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

Overall, Evaframe Ltd appears to be facing some financial headwinds. While it has managed to reduce its borrowing, the decline in equity and cash reserves is concerning. The increase in trade debtors suggests potential issues with customer payments, and the company will need to carefully manage its cash flow to avoid burning through money. The company’s long-standing presence and positive Google reviews indicate a degree of customer loyalty, but its financial health will need to improve to ensure its long-term sustainability.

Registered in England/Wales under the registration number 08650110, with a registered address at NP19 4SL, Newport, Unit 2, Leeway Industrial Estate.

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