Universal Industries Limited

Universal Industries Ltd is a small, active company founded 43 years ago in 1981, based in London. With five employees and £2,101,670 in assets, it operates from a real address and is overseen by two directors and one owner. The company is an irregular importer, primarily bringing in various textile products, sets, used clothing, and rags, with the last import activity recorded one month ago. It also exports clothing and accessories, not knitted or crocheted, though less frequently, with the last export activity recorded two months ago. The company operates in the agents involved in the sale of a variety of goods industries.

The company’s website, universalindustries.com, showcases a range of bulk material handling equipment, specializing in bucket elevators, continuous cup elevators, and belt conveyors. It serves industries like agriculture and industrial sectors, with a particular focus on seed grain legs and conveying solutions. The site highlights its commitment to gentle handling and quality, catering to customers seeking reliable equipment. They have a perfect 5.0 Google rating from eight reviews.

Financially, Universal Industries Ltd presents a mixed picture. Current assets increased by 13%, reaching £2,100,000, while net assets grew by 32%, hitting £2,000,000. However, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £1,400,000. Creditors decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the bank borrowings raise questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data also reveals some interesting trends. Accrued liabilities and deferred income increased by 44%, while depreciation rate used for property plant equipment remained at 0. The company has a functional currency of Sterling (£). It is a private limited company, and the director acknowledges their responsibilities under the Companies Act.

Registered in England/Wales under the registration number 01569851, with a registered address at EC1V 2PH, 200 City Road, London.

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