Vesab Limited

Vesab Limited is a small, active company based in Bellshill, Scotland, founded 19 years ago. With seven employees and £467,219 in assets, it operates as a family business with three directors and two owners. The company is a irregular importer, primarily dealing in plastics and plastic products, with its last import activity occurring in November 2024. It’s registered at a virtual address, shared by 134 other companies, which is something to keep in mind.

Vesab Limited operates in the “other business support service activities n.e.c.” industry. While there's no website to analyze, its business seems focused on importing and potentially distributing plastic goods. It’s a small company, meeting two of the three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Vesab Limited’s recent performance presents a mixed picture. Current assets have decreased by 10%, falling to £470,000. Bank borrowings have also seen a significant increase, jumping 50% to £10,000. However, creditors have decreased by 2.8%, suggesting better debt management. Cash reserves have fallen by 57%, dropping to £120,000. The company’s net assets have also declined, falling 4.2% to £170,000. The company’s directors, Callaghan Eugene and Callaghan Kevin, have seen advances credits repaid in period directors remain consistent at £62,000.

The company’s small size and family ownership likely contribute to its agility, but the decline in cash reserves and net assets warrants attention. With no auditor mentioned, the financial statements are unaudited. Overall, Vesab Limited appears to be navigating a period of financial adjustment, and it’s unclear whether the business is burning through money or simply experiencing typical fluctuations.

Registered in Scotland under the registration number SC301784, with a registered address at ML4 3NR, Scotland, Bellshill, North Lanarkshire, 2nd Floor (East) Belgrave Court, Rosehall Road.

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