Greenville Idc Limited

Greenville Idc Limited, based in Belfast, UK, is a small, active company founded 46 years ago in 1979. With 41 employees and £4,827,234 in assets, it operates from a real address and is managed by three directors and two owners. The company boasts a solid 4.0 Google rating based on 14 reviews and is a regular importer of optical and medical tools and devices, with recent activity recorded three months ago.

The company’s website, hellogreenvilleidc.com, positions Greenville Idc as a specialist electrical distributor offering premium brands and bespoke solutions. It caters to industrial automation, variable speed drives, power distribution, and busbar systems, serving industries like manufacturing, automation, and electrical engineering. The site highlights its in-house technical experts and factory-built assembly department, offering custom panels and boards alongside a wide range of products from brands like Danfoss, Dorman Smith, and Schneider Electric. The company also provides services like preventative maintenance and drive performance optimisation, and is a Danfoss Drives Service Partner.

Financially, Greenville Idc Limited shows some concerning trends. Accumulated depreciation for motor vehicles decreased by 18%, plant machinery by 20%, and total depreciation by 19%, suggesting asset write-offs. Advances to directors also fell significantly, by 31%, and total bank borrowings increased by a whopping 650%. Cash reserves, however, took a major hit, plummeting 89% to just £43,000. On a brighter note, creditors decreased by 37%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the substantial drop in equity raises questions. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Greenville Idc Limited appears to be facing some financial headwinds, despite its established reputation and wide product range. The company’s ability to navigate these challenges will depend on its ability to maintain customer relationships and manage its costs effectively.

Registered in Northern Ireland under the registration number NI013581, with a registered address at BT8 7RH, Belfast, 16 Cedarhurst Road, Newtownbreda.

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