Ventec Europe Ltd

Ventec Europe Ltd, based in Leamington Spa, UK, is a small, active company founded 18 years ago. With 19 employees and £4,253,013 in assets, it’s a modest operation led by two directors, though no owners are officially listed. The company regularly imports and exports copper and copper products—260 months of imports and 56 months of exports recorded—suggesting a focus on the metals trade.

Ventec operates in the broader business support services sector, a fairly broad category. While no website is available to examine, the company’s core business seems to revolve around sourcing and distributing copper products. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees).

Financially, Ventec’s recent performance shows some concerning trends. Accumulated amortisation impairment for intangible assets has increased by 80%, while depreciation for property, plant, and equipment has also risen by 9.3%. Cash bank on hand has decreased by 2.2% to £310,000, and creditors have jumped 16% to £2.1 million. However, equity has increased by 9.9% to £2.5 million. Despite these shifts, the company’s net assets liabilities have decreased by 29% to £2.6 million.

The most notable change is the sharp rise in other creditors, increasing by 290% to £1 million, and a significant drop in other taxation and social security payable, decreasing by 67% to £100,000. The company’s bank borrowings have also increased, suggesting a reliance on external financing. The lack of an auditor mentioned—likely due to its small size—means the financial statements are unaudited.

Overall, Ventec Europe Ltd appears to be navigating a period of change. While its core business of copper trading continues, the financial data suggests a need for careful management of debt and a focus on improving cash flow. The company's small size and experienced directors should enable it to adapt, but the trends warrant close monitoring.

Registered in England/Wales under the registration number 06009532, with a registered address at CV34 6RH, Leamington Spa, Warwickshire, Unit 1 Trojan Business Centre, Tachbrook Park Estate.

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