Versa Engineering Limited

Versa Engineering Ltd, based in Highbridge, UK, is a small, active holding company established fifteen years ago. With ten employees and £201,310 in assets, the company operates from a real address and is overseen by four directors and one owner. It's a regular importer of furniture, lighting, and prefabricated buildings (24 months of import activity, last in October 2023), and a regular exporter of aluminum and aluminum products (9 months of export activity, last in March 2022). The company’s core business involves the manufacture of electric lighting equipment.

While Versa Engineering Ltd appears to be a modest operation, its website reveals a more complex picture. There is no e-commerce presence, suggesting a business-to-business model focused on wholesale or contract manufacturing. The company’s profile on LinkedIn indicates a focus on precision engineering and bespoke lighting solutions. It’s unclear how much of the company’s activity is focused on the lighting equipment industry, but it is a key aspect of its operations.

Financially, Versa Engineering Ltd shows a mixed bag. Current assets remained steady at £200,000, while net assets also stayed the same at £200,000. However, bank borrowings increased significantly, rising by 200% to £200,000, and cash reserves plummeted 100% to zero. Trade debtors increased by 22%, suggesting potential delays in 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) helps it stay agile, but the sharp decline in cash reserves raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s parent company, Formation Lighting Ltd, appears to be a larger entity with a broader range of lighting products. It’s possible that Versa Engineering Ltd serves as a specialized manufacturing arm for Formation Lighting Ltd, focusing on specific lighting equipment or custom orders. The significant increase in bank borrowings, combined with the decrease in cash reserves, suggests that Versa Engineering Ltd may be relying on its parent company for financial support. The company’s financial stability will depend on its ability to generate sufficient revenue and manage its expenses effectively.

Registered in England/Wales under the registration number 06984632, with a registered address at TA9 4AR, England, Highbridge, Unit 1 Evercreech Way.

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