Harvey Water Softeners Limited

Harvey Water Softeners Ltd, based in Reading, UK, is a large, active company founded 47 years ago. With 251 employees and £17,249,103 in assets, it’s a significant player in the water softening industry, generating £48,347,725 in revenue annually. The company operates from a virtual address, a detail worth noting as 23 companies share the same address, and is overseen by three directors and one owner. It boasts a respectable Google rating of 4.0 based on 1266 reviews. Harvey Water Softeners is a regular importer and exporter of machinery, boilers, and mechanical appliances, parts, with recent activity recorded in July 2023.

The company's core business revolves around the manufacture and sale of water softening equipment, with a strong emphasis on direct-to-consumer sales. Their website showcases a range of water softeners and related products, highlighting the benefits of softened water for homes and businesses. While the website doesn’s explicitly detail e-commerce functionality, the focus on direct sales suggests a significant online presence.

Financially, Harvey Water Softeners Ltd demonstrates a mixed picture. While revenue remains strong, several indicators suggest potential pressures. Accrued liabilities deferred income decreased by 25%, a positive sign, but accumulated amortisation impairment intangible assets increased significantly, by 66%. Notably, cash bank on hand dropped by a substantial 60%, and director remuneration benefits decreased by 44%. The company’s large size (meeting two of three conditions for a large company) and the presence of three directors suggest a well-established operation, but the declining cash reserves warrant closer scrutiny. The company’s auditor is Menzies LLP, providing a degree of external validation.

The trends indicate that while Harvey Water Softeners Ltd maintains a strong market position and substantial revenue, it may be facing challenges in managing its short-term liquidity. The decrease in cash reserves, coupled with increasing intangible asset amortisation, could be attributed to investments in technology or marketing, or perhaps reflect broader economic pressures. It’s a company with a long history and a solid reputation, but its financial health requires careful monitoring.

Registered in England/Wales under the registration number 01362650, with a registered address at RG1 3BD, Reading, Berkshire, Fourth Floor Abbots House, Abbey Street.

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