H.v.r. International Limited

H.V.R. International Limited, based in Jarrow, Tyne and Wear, UK, is a sizable company with an active status, having been incorporated 34 years ago in March 07, 1991. Employing 133 people and holding assets totaling £14,397,272, it operates from a real address on Bedesway, Bede Industrial Estate. The company is managed by two directors and two owners, and boasts a respectable Google rating of 4.0 based on 13 reviews. It's a regular importer and exporter of electrical machinery and equipment, with 59 months of import activity and 139 months of export activity recorded.

The company's website doesn't provide a lot of information about its operations, it doesn't seem to be an e-commerce site. It appears to be primarily a manufacturing operation, focused on the production and distribution of ceramic resistors. The company’s website details its manufacturing processes and the quality of its products, highlighting its commitment to British craftsmanship.

Financially, H.V.R. International Limited’s recent report reveals some interesting trends. While turnover increased by a respectable 10%, profits took a significant hit, plummeting by 200% to -£340,000. Current assets also decreased, dropping 2% to £14,000,000, and cash reserves fell 10% to £100,000. Bank borrowings, however, increased by 15%, reaching £50,000, and creditors rose 10% to £70,000. The company’s net assets, which are a measure of its overall financial health, also declined, though not as dramatically. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The report was audited by Azets Audit Services, which is a good sign.

The sharp decline in profits, despite increased turnover, suggests rising costs or pricing pressures. The increase in bank borrowings and creditors indicates a potential need for improved cash flow management. While the company's size and established presence offer stability, the financial trends warrant close monitoring. The company’s reliance on the manufacture of ceramic resistors may leave it vulnerable to shifts in demand or competition within that sector.

Registered in England/Wales under the registration number 02589651, with a registered address at NE32 3EN, Jarrow Tyne And Wear, Bedesway, Bede Industrial Estate.

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