South West Refrigeration Limited

South West Refrigeration Ltd from Crediton, UK, is a small, family-run business with an active status, celebrating 41 years since its founding in 1983. Employing 17 people, the company holds £2,061,277 in assets and operates from a virtual address—a point to note as fourteen companies share the same location. Led by five directors and two owners, the business specializes in the import and occasional export of machinery, boilers, and mechanical appliances, with a focus on parts.

The company's core activity revolves around the supply and service of refrigeration and milking systems, as evidenced by its website. It acts as the UK agent for Roka Milk Cooling Systems and offers services ranging from new tank installations to refurbishment, waste water heat recovery, and even disaster recovery for damaged pianos. The website also highlights the company's expertise in providing new and refurbished tanks, waste water heat recovery systems, and maintenance services.

Financially, South West Refrigeration Ltd presents a mixed picture. Current assets have fallen by 15%, dropping to £2,100,000, while net assets have also declined by 9.3%, settling at £1,500,000. Cash reserves have decreased by 9.4%, reaching £1,200,000. However, bank borrowings have surged by 530%, rising to £120,000—a significant increase. Creditors have also seen a decline of 30%, suggesting improved debt management. The company meets the criteria for a small business, with 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 company’s financial data suggests a period of transition, with increased borrowing potentially fueling expansion or addressing short-term challenges. The continued focus on specialized refrigeration systems and the family-run nature of the business point towards a stable foundation, but the need to manage increased debt will be key to its long-term success.

Registered in England/Wales under the registration number 01736663, with a registered address at EX17 3LQ, United Kingdom, Crediton, Devon, C/O Wortham Jaques Ltd, 130a High Street.

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