Newell And Wright Transport Contractors (sheffield) Limited

Newell And Wright Transport Contractors Sheffield Ltd from Sheffield UK is a large, active company founded 38 years ago, employing 235 people and holding £7,058,626 in assets. It’s a holding company with a real address, overseen by four directors and one owner, and enjoys a Google rating of 4.0 based on 91 reviews. The company is an irregular importer, primarily dealing in vehicles, parts, and accessories, with recent activity recorded just one month ago.

The company operates in the freight transport by road industries. Newell And Wright Transport Contractors (sheffield) Limited is a private limited company registered in England/Wales with the registration number 02070741. The company’s website is not available, so it’s difficult to determine if they operate an e-commerce site.

Financially, Newell And Wright Transport Contractors Sheffield Ltd presents a mixed picture. While turnover increased by a healthy 14%, reaching £29 million, net assets decreased by 10% to £20 million. Bank borrowings have decreased by 64%, dropping to £690,000, which is a positive sign. However, cash reserves have fallen by 75%, settling at £690,000, and current assets have dropped by 28%, to £7.1 million. Creditors have increased by 22%, reaching £5.1 million. The company meets two of three criteria to be considered large, with turnover over £36 million and balance sheet total over £18 million. The audit firm GBAC Limited conducted the audit.

The decline in cash reserves and current assets, despite increased turnover, suggests the company may be reinvesting heavily in its operations or facing increased working capital needs. The decrease in net assets, while concerning, could be attributable to increased investment in property, plant, and equipment, as evidenced by a 10% increase in these assets. The decrease in bank borrowings is a positive sign, indicating improved financial management. It’s possible that the company is facing challenges managing its debtors, as trade debtors increased significantly.

Registered in England/Wales under the registration number 02070741, with a registered address at S9 1RT, Sheffield, Templeborough Depot, Sheffield Road.

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