Mid Devon Glass Limited

Mid Devon Glass Ltd from Devon UK: a small, active company founded 31 years ago, employs 31 people, and holds £2,522,926 in assets. It has a real address, two directors, and no owners reported, though one is likely among the directors. Google reviews are stellar, boasting a 5.0 rating from 26 reviews. The company is an irregular importer, primarily bringing in electrical machinery and equipment, with its last import operation recorded one month ago in June 2024.

Mid Devon Glass Ltd specializes in shaping and processing flat glass, as well as manufacturing and processing other glass products, including technical glassware. It operates as a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website is not available, so it’s difficult to determine if it operates an e-commerce platform.

Financially, Mid Devon Glass Ltd shows a mixed picture. Current assets have increased by a significant 46%, reaching £2,500,000, while net assets have also grown by 5.7%, reaching £4,500,000. Cash reserves have seen a substantial increase of 75%, climbing to £1,900,000. However, creditors have also risen by 37%, reaching £750,000, and bank borrowings have increased. The company’s average number of employees has increased by 6.5%, now standing at 33. Although the company is exempt from an audit as a small entity, the increase in cash and assets suggests a period of growth, but the rise in creditors may indicate a need to manage debt more closely. The lack of an auditor mentioned means the financial statements are unaudited, so the numbers should be viewed with caution.

Registered in England/Wales under the registration number 02843727, with a registered address at EX16 6NR, Devon, 30 St. Peter Street, Tiverton.

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