Vernon Developments Limited

Vernon Developments Ltd from Bedford UK: a small holding company with an active status, was founded 23 years ago. It employs just two people and holds assets worth £1,955,028. The company operates from a virtual address, registered with 182 other businesses, and is overseen by three directors and one owner. Vernon Developments regularly imports iron or steel products (211 months) and exports vehicles, parts, and accessories (33 months).

The company’s website highlights its position as the UK’s leading supplier of commercial vehicle fixings. It offers a wide range of products, including body components, curtain components, and load restraint systems, catering to the commercial vehicle industry. With over 40 years of experience, Vernon Developments provides both standard products and bespoke design support. The website also features a blog with useful information about the industry.

Financially, Vernon Developments shows some concerning trends. While current assets remained stable at £2,000,000, net assets increased by 20% to £1,200,000. However, cash bank on hand decreased by 21% to £11,000. Trade creditors decreased by 64%, suggesting improved debt management, but trade debtors increased by 13%, which could indicate delayed customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decline in cash reserves warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Vernon Developments appears to be navigating a period of change. While it maintains a strong market position and manages its debts well, the reduced cash reserves suggest a need for careful financial planning.

Registered in England/Wales under the registration number 04231939, with a registered address at MK45 2NW, England, Bedford, 3 Doolittle Yard Froghall Road, Ampthill.

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