Urathon Europe Limited

Urathon Europe Ltd, based in Chippenham, UK, is a sizable company with a 32-year history, currently employing 16 people. The company holds assets worth £7,214,390 and generates yearly revenue of £10,721,707. Despite a strong Google rating of 5.0 based on four reviews, the registered address is flagged as a virtual address, as thirteen companies share the same location. The business is run by four directors and owned by two individuals, with a focus on importing furniture, lighting, and prefabricated buildings (396 months of import activity) and irregular exporting of the same (2 months).

The company operates in the non-specialised wholesale trade industries, and while a website isn’t available to analyse, it’s likely they operate through a B2B model, selling to retailers or construction companies. It’s probable they don’t have a direct-to-consumer e-commerce presence.

A review of Urathon Europe Ltd’s financial data reveals some interesting trends. While cash bank on hand increased significantly by 56% to £3,200,000, accrued liabilities also increased, though less dramatically, by 64% to £25,000. A notable decrease in debtors was observed, dropping 15% to £2,700,000, which could indicate improved collection efforts or a shift in credit terms. However, the company’s turnover decreased by 8.8% to £11,000,000, and net losses deepened, suggesting potential challenges in maintaining sales volume. The increase in dividends paid, from £100,000 to £760,000, might indicate a period of profitability, but it also raises questions about whether the company is reinvesting sufficiently for future growth. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements. The decrease in depreciation expense, by 24%, could be due to fewer asset purchases or a change in depreciation methods. Overall, the company seems to be navigating a period of transition, with both positive and negative financial signals.

Registered in England/Wales under the registration number 02766713, with a registered address at SN15 3RS, Chippenham, Wiltshire, 14a Forest Gate, Pewsham.

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