Idc Conveyors Limited

Idc Conveyors Ltd from Chippenham UK: a small, active company established 23 years ago, employs eight people, and holds £583,748 in assets. It’s a family business with five directors and two owners, operating from a virtual address – thirteen other companies are registered at the same location. The company is an irregular importer of electrical machinery and equipment (two months of imports) and an irregular exporter of machinery, boilers, and mechanical appliances (one month of exports).

The company specializes in the design, manufacture, and installation of conveyor systems, catering to a range of industries including airports, logistics, quarries, food and beverage, and warehouses. Their website highlights expertise in standard and custom conveyor solutions, spare parts, maintenance, and control systems. They even offer vulcanizing services. The business operates from South Cerney near Cirencester, and has a showroom in Harrods, London.

Financially, Idc Conveyors Ltd presents a mixed picture. While cash reserves have significantly increased by 280%, reaching £480,000, current assets have decreased by 35%, settling at £580,000. Debtor levels have fallen dramatically, down 89%, and creditors have also decreased by 36%. The company's net assets have grown by 120%, reaching £360,000. It's a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). No auditor is mentioned, indicating exemption as a small company. The sharp decrease in debtors could be due to improved collection practices, or perhaps a shift in customer payment terms. The growth in cash reserves is a positive sign, suggesting improved liquidity, but the decrease in current assets warrants further investigation.

Registered in England/Wales under the registration number 04266062, with a registered address at SN15 3RS, Chippenham, Wiltshire, 14a Forest Gate, Pewsham.

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