Oliver Valvetek Limited

Oliver Valvetek Limited, based in Cheshire, UK, is a large, active company established 30 years ago. With 102 employees and £23.4 million in assets, it’s a significant player in the UK manufacturing sector, generating £42.2 million in revenue annually. The company, which has seven directors and a single owner, is led by a solo founder and maintains a 4.0-star rating on Google based on 12 reviews. It operates from a real address at Parkgate Industrial Estate, Knutsford, and regularly imports and exports machinery, boilers, and mechanical appliances parts.

The company's website showcases its expertise in manufacturing taps and valves, a core business operating for decades. It's clear that Oliver Valvetek Limited is a well-established business with a strong foundation. The company also operates a separate division focused on producing and supplying valves for the oil and gas industry, demonstrating a diversification of its product offerings.

Financially, Oliver Valvetek Limited presents a mixed picture. While revenue increased by a solid 23%, current assets dipped by 11% to £23.4 million. Bank borrowings rose significantly by 110% to £110,000, while cash reserves decreased by 27% to £230,000. Creditors also increased by 18%, suggesting a need for careful cash flow management. The company’s size—meeting two of three criteria for a large company—indicates it’s navigating the challenges of growth. The company’s accounts were audited by Hurst Accountants Limited.

The increase in bank borrowings and decrease in cash reserves could indicate investments in new equipment or expansion efforts, but it’s also possible that the company is facing increased competition or rising costs. The company’s continued success will likely depend on its ability to maintain its reputation for quality and innovation, while also managing its finances effectively.

Registered in England/Wales under the registration number 02938776, with a registered address at WA16 8DX, Cheshire, Parkgate Industrial Estate, Knutsford.

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