Southfork Innovations Limited

Southfork Innovations Ltd, based in Goole, UK, is a small, active company established 27 years ago. With five employees and £433,989 in assets, it operates from a virtual address – a fact highlighted by the presence of 26 other companies registered at the same location. The company is led by two directors and has one owner, Howarth Peter, and boasts a stellar 5.0 Google rating from two reviews. It’s an irregular importer, specializing in electrical machinery and equipment, with recent activity recorded two months ago.

The company’s website reveals a focus on plastic welding and automation, trading since 1997. Southfork Innovations Ltd designs, manufactures, and builds bespoke industrial plastic welding equipment, offering services from tooling design to equipment repair. They cater to a wide range of industries, including automotive, medical, and electronics, and even offer pressure and vacuum testing fixtures. The site emphasizes in-house design and manufacturing capabilities, allowing for flexibility and custom solutions.

Financially, Southfork Innovations Ltd presents a mixed picture. Cash reserves have increased significantly, up 78% to £290,000, which is good news. However, bank borrowings have decreased by 58% to £360, and creditors have doubled to £110,000, suggesting a reliance on credit. Current assets have increased by 43% to £430,000, but trade debtors have fallen by 43% to £62,000, which could indicate difficulties collecting payments. The company’s small size—meeting two of three conditions for being classified as small—helps with agility, but the rise in creditors warrants closer attention. The accounts are unaudited, and the company’s auditor is Jones Cooper Limited.

Registered in England/Wales under the registration number 03452080, with a registered address at DN14 6AA, Goole, East Yorkshire, Hedley Court, Boothferry Road.

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