Utv Products Ltd

Utv Products Ltd from Preston UK is a small, family-run business with an active status, established twelve years ago in 2013. Employing four people, the company holds £360,133 in assets and operates from a virtual address – thirty one companies registered at the same location. Two directors and two owners, likely family members, manage the business. It’s a regular importer and exporter of electrical machinery and equipment, with 16 months of import activity and 5 months of export activity recorded.

The company’s website, salesutvproducts.co.uk, showcases a wide range of LED lighting and accessories for tractors, agricultural vehicles, excavators, plant machinery, lorries, vans, and even caravans. It’s clear that UTV Products Ltd caters to a niche market, providing specialized lighting solutions for the agricultural, forestry, and construction sectors. The site also offers detailing tools, workshop equipment, and GPS technology, expanding its product range beyond just lighting. They even have a section for “hot cross bun lights” – a quirky touch that adds personality to the brand.

Financially, UTV Products Ltd’s numbers paint a mixed picture. Bank borrowings decreased by 28%, dropping to £26,000, which is a positive sign. However, cash reserves declined by 23%, settling at £130,000. Current assets also saw a decrease, falling 7% to £360,000. Trade debtors dropped by 24%, while creditors increased by 11%, suggesting a shift in payment terms. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity—a 23% drop to £110,000—raises some questions. No auditor is mentioned, which is common for companies of this size.

The company’s reliance on a virtual address and the fluctuating financial data suggest a business that’s navigating challenges. While its specialized product range and online presence indicate a strong market niche, the financial trends warrant close monitoring. It’s likely that the company is focused on growth and expanding its reach within the agricultural and construction sectors, but needs to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 08457428, with a registered address at PR2 3AE, Preston, Lancashire, 316 Blackpool Road, Fulwood.

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