Unvented Components Europe Limited

Unvented Components Europe Ltd, based in Chirk, UK, is a small, active company established thirteen years ago. With ten employees and £940,082 in assets, it operates from a real address and is managed by two directors and two owners. The company’s e-commerce site, unventedcomponents.co.uk, showcases a 5.0 Google rating from 149 reviews, demonstrating a strong online reputation. It’s a regular importer of machinery, boilers, and mechanical appliances, with parts imported for the last three months.

The company specializes in the wholesale of hardware, plumbing, and heating equipment, and also provides retail sales via mail order and internet industries. Its website highlights a focus on unvented cylinder system spares, pressure relief valves, and immersion heaters, catering to a niche market within the heating and plumbing sector. The site also features a blog, providing technical advice and product information.

Financially, Unvented Components Europe Ltd shows some concerning trends. Accrued liabilities jumped significantly, increasing by 3000%, while bank borrowings rose by 27%. Cash reserves, however, grew by 26%. Creditors also increased by 25%, suggesting a reliance on short-term financing. A notable drop in equity, decreasing by 43%, points to potential profitability challenges. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the equity decline warrants closer attention. The company is exempt from an audit, so the figures are unaudited.

The increase in other taxation and social security payable, up 1600%, is a bit of a surprise, and it’s unclear if this is a one-off event or a recurring issue. Overall, while Unvented Components Europe Ltd maintains a strong online presence and caters to a specialized market, its financial performance suggests a need for careful management and a focus on improving profitability.

Registered in England/Wales under the registration number 07832705, with a registered address at LL14 5DG, United Kingdom, Chirk, Unit 2 Plot 7, Gledrid Business Park, Gledrid.

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