Evans Close Limited

Evans Close Limited, based in Norwich, UK, is a small holding company with an active status. Established eight years ago in 2017, it employs four people and holds assets totaling £1,573,156. The company operates from a virtual address, registered at a location shared by fourteen other businesses, and is overseen by two directors and one owner. Evans Close Limited regularly imports plastics and plastic products (seven months of import activity) and exports soaps, cleaning products, and waxes (fifty-nine months of export activity).

The company’s website, Evans Textiles, is a comprehensive online platform for soft furnishing and window hardware suppliers. It's clear the business is focused on B2B sales, offering a wide range of products including made-to-measure blinds, curtain tracks, and workroom accessories. The site emphasizes quality, reliability, and a wide selection, with sections dedicated to contract solutions and even a dedicated area for workroom professionals. The site also highlights a focus on innovation, with sections showcasing motorization options and safety features.

Financially, Evans Close Limited’s recent performance presents a mixed picture. While current assets increased by 40% to £1,600,000, net assets dropped by 19% to £710,000. Bank borrowings have surged dramatically, increasing by 6,700% to £460,000, while cash reserves have fallen by 66% to £18,000. Creditors have also increased by 260% to £840,000. The company’s small size (meeting two of three conditions for being small: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant increase in debt raises concerns. There's no mention of an auditor, which is common for small, exempt companies.

The substantial growth in bank borrowings, coupled with the decrease in cash reserves, suggests the company may be investing heavily in its business or facing increased operational costs. The increase in creditors could be a result of expanding supplier relationships to meet growing demand. It’s possible the company is navigating a period of rapid growth, but the financial data warrants careful monitoring.

Registered in England/Wales under the registration number 10698667, with a registered address at NR1 1BY, England, Norwich, Norfolk, The Union Building, 51 - 59 Rose Lane.

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