Ovenden Papers Limited

Ovenden Papers Limited, a medium-sized company based in Harlow, UK, has been a fixture in the paper industry for 81 years. Founded in 1943, the firm employs 55 people and boasts assets of £16,531,505, generating an impressive £45,828,691 in revenue annually. With a real address and four directors, the company maintains a strong reputation, evidenced by its perfect 5.0 Google rating from three reviews. Nigel Ovenden is the current owner.

The company’s core business revolves around the wholesale of paper, boards, and envelopes, serving local printers, resellers, and end-users. Its website highlights a commitment to customer service and a wide selection of market-leading brands, alongside a focus on sustainability—becoming a CarbonNeutral company. They even donate trees to the Queens Green Canopy.

However, a closer look at the financials reveals a mixed picture. While turnover remained stable, net assets decreased by 14%, dropping to £4,600,000. Bank borrowings increased by 21%, reaching £8,300,000, and cash reserves fell by 15%, settling at £50,000. Creditors also decreased by 29%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a medium-sized company) allows for agility, but the decline in equity raises questions. There was no auditor mentioned, likely due to the company’s size.

Overall, Ovenden Papers Limited appears to be a well-established firm navigating a changing market. The decrease in equity could be a result of increased investment in inventory or marketing efforts, or it could indicate underlying financial pressures. The company’s long history and commitment to customer service position it well for continued success, but monitoring its financial trends will be crucial in the coming years.

Registered in England/Wales under the registration number 00384116, with a registered address at CM20 2DP, Harlow, Essex, Swordfish House Unit C, River Way.

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