Fernco Limited

Fernco Limited, based in Barnsley, UK, is a sizable company with a 35-year history, currently employing 68 people and managing assets worth £10.15 million. The company, a holding company with an active status, generates £11.48 million in yearly revenue. It operates an e-commerce site and is a regular importer and exporter of rubber and rubber products, having imported for 206 months and exported for 295 months. Six directors oversee the business, with one owner reported (though this list isn't exhaustive). The company's Google rating sits at 3.0 based on just five reviews.

Fernco Limited’s core business involves manufacturing flexible couplings, drainage, and plumbing systems. It also owns several subsidiaries including Flex-Seal Couplings Limited, S1e Limited, Fernco International Limited, Fernco Environmental Limited, and operates a separate business, Fernco GmbH, in Germany. The company’s website showcases a range of products aimed at professional plumbers and contractors, emphasizing quality and durability.

Looking at the financials, Fernco Limited’s net assets have increased by a solid 15% to £11 million, a positive sign. However, bank borrowings have risen by a substantial 14%, reaching £2.6 million, and cash reserves have decreased by 10% to £1.1 million. Trade debtors have also increased by 16%, suggesting potential challenges in collecting payments. Despite these fluctuations, the company’s revenue remains strong, indicating continued demand for its products. The company’s auditors, Harts Limited, have issued an unqualified opinion, confirming the financial statements give a true and fair view.

While the company appears financially stable, the increase in bank borrowings and the decrease in cash reserves warrants attention. It’s possible the company is investing in expansion or new product development, but careful management of debt will be crucial for long-term success. The relatively low Google rating, despite the company's size and reputation, also suggests room for improvement in customer service and online presence.

Registered in England/Wales under the registration number 02450903, with a registered address at S73 0UW, Barnsley, South Yorkshire, Endeavour Works Newlands Way, Valley Park Wombwell.

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