Global Vac Forming Limited

Global Vac Forming Limited, based in Quorn, UK, is a small, active company established thirteen years ago. Employing seventeen people and holding assets of £1,295,778, it operates from a virtual address, managed by two directors and two owners. The company regularly imports and exports plastics and plastic products—eighteen months of imports and twenty months of exports recorded. It's a business that seems to be doing well.

The company’s website, Global Vacuum Presses, reveals a different picture. It’s a manufacturer of vacuum presses, membrane presses, hot presses, and preheating ovens, catering to industries like automotive, composite, and woodworking. The site highlights customized solutions, innovative technology, and extensive expertise—a far cry from the simple plastics trading implied by its import/export activities. It’s a business that seems to be doing well.

Financially, Global Vac Forming Limited shows some interesting trends. Cash reserves increased significantly by 21%, reaching £570,000, and current assets grew by 15% to £1,300,000. However, accrued liabilities increased by 36%, reaching £13,000, and the number of employees decreased slightly by 6% to sixteen. Trade debtors increased by 3.6% to £370,000, suggesting a possible need to manage cash flow. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures rely on unaudited statements.

It’s a business that seems to be doing well. The company’s focus on high-tech vacuum presses suggests a move towards higher-margin products, potentially explaining the increase in assets and cash. However, the rise in liabilities and slight decrease in employees warrants closer monitoring.

Registered in England/Wales under the registration number 07922841, with a registered address at LE12 8DX, Quorn, Leicestershire, 78 Loughborough Road.

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