Evenort Limited

Evenort Limited, based in Dinnington, UK, is a holding company with an active trading status. Established 42 years ago in May 1982, the company employs 43 people and holds assets valued at £3,983,746. It operates from a real address and is overseen by four directors and one owner, with a Google rating of 3.0 based on four reviews. The company regularly imports and exports iron or steel products, with 5 months of import activity and 10 months of export activity recorded.

Evenort Limited's website is minimal, offering little insight into its operations beyond its core business. It appears to be primarily a B2B supplier rather than an e-commerce retailer, focusing on the manufacture of other fabricated metal products.

Financially, Evenort Limited presents a mixed picture. While turnover remained steady at £1.7 million, net assets decreased by 5.6% to £3.6 million. Bank borrowings increased significantly by 2500%, reaching £160,000, while cash reserves declined by 70% to £34,000. Creditors also increased by 18%, suggesting a reliance on external funding. The company’s small size (meeting two of three criteria for medium-sized companies) means it is exempt from a full audit, relying on unaudited statements. The increase in bank borrowings could be attributed to investment in plant and machinery, as depreciation on this asset class increased by 8.3%.

The company's auditor is BHP LLP. The sharp increase in bank borrowings, coupled with the decrease in cash reserves, suggests that Evenort Limited may be burning through cash at a faster rate than it’s generating revenue. However, the steady turnover and the fact that it is a holding company indicate that it may be supporting other ventures, which could explain the financial pressures. The fact that the list of directors changed eight months ago might also be a factor, potentially indicating a restructuring or change in management strategy.

Registered in England/Wales under the registration number 01637897, with a registered address at S25 4JJ, Dinnington, Sheffield, Houghton Road, North Anston Trading Estate.

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