Southco Manufacturing Limited

Southco Manufacturing Ltd from Worcester UK: a large company with an active status, was founded 23 years ago. Employing 299 people, it holds assets worth £115,358,000 and generates £106,767,000 in yearly revenue. The company operates from a real address and is managed by three directors, though no owners are officially listed. It has an e-commerce site and a respectable Google rating of 4.0 based on 23 reviews. Southco regularly imports and exports iron or steel products, with 827 months of import activity and 848 months of export activity recorded.

Southco Manufacturing Ltd is classified as a large company, meeting two of three conditions: turnover exceeding £36 million, a balance sheet total above £18 million, and an average of more than 250 employees. The company’s financial data reveals some interesting trends. While cash and cash equivalents decreased significantly, trade debtors increased substantially, indicating a potential shift in payment terms. Accrued liabilities also rose, suggesting an increase in short-term obligations. Despite these changes, the company’s comprehensive income expense remained positive, though lower than the previous year. The auditor, Grant Thornton UK LLP, has noted a slight decrease in the company’s defined benefit pension liability.

The company’s website, Southco, focuses on manufacturing and selling latches, fasteners, hinges, and monitor mounts for various industries, including automotive, aerospace, and medical. It highlights a commitment to sustainability with a bronze EcoVadis rating. The site is well-designed and user-friendly, offering detailed product information, CAD downloads, and expert advice. It’s clear Southco is investing in its online presence and customer support.

Overall, Southco Manufacturing Ltd appears to be a financially stable company, although the increased trade debtors and accrued liabilities warrant close monitoring. The company’s strong market position, diverse product range, and commitment to sustainability suggest a positive outlook for the future.

Registered in England/Wales under the registration number 04328069, with a registered address at WR4 9FA, Worcester, Touchpoint, Wainwright Road.

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