Union Press Limited

Union Press Limited, a small, active company based in London, UK, has been operating for 26 years. Founded in 1998, it employs 33 people and holds £1,124,456 in assets. The company, with four directors and one owner, irregularly imports drinks, alcohol, and vinegar (last import in 2019) and exports printed materials like books and newspapers (last export in 2022).

The company operates in the publishing of consumer and business journals and periodicals. Its website, Union Binding Company, is dedicated to snowboard bindings, offering a range of models for men, women, and kids, including step-on and splitboard options. The site also features accessories, apparel, and parts, and highlights its commitment to innovation and quality. It’s clear they’re focused on a niche market—high-end snowboard equipment—and the website is well-designed and user-friendly.

Financially, Union Press Limited’s recent report reveals a mixed picture. While fixed assets increased by a substantial 33%, current assets declined by 4.5% to £1,100,000. Net assets also took a hit, falling 18% to £730,000. Bank borrowings increased significantly, rising by 2,400% to £110,000, which could indicate investment in growth or increased operational expenses. Creditors decreased by 35%, which is a positive sign, suggesting better debt management. The company’s small size (meeting two of three criteria for small company status) allows for agility, but the decline in equity and increase in borrowings warrants attention. The lack of an auditor mentioned likely means the accounts are unaudited.

The company’s irregular import/export activity, coupled with the focus on a specialized product line, suggests a business model that may be susceptible to fluctuations in demand or supply chain disruptions. The increase in bank borrowings, while potentially fueling growth, also raises concerns about financial leverage. It’s a small company, and these trends are something to watch closely.

Registered in England/Wales under the registration number 03606414, with a registered address at SE1 9HH, England, London, 69 Southwark Bridge Road, 4th Floor Wigglesworth House.

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