Vgtec Limited

Vgtec Ltd from Blackburn UK is a small, active company founded fifteen years ago in 2010. With sixteen employees and £511,065 in assets, it’s a modest operation run by two directors and a solo founder. The company has a real address and operates as an irregular importer of miscellaneous metal items (one month of imports recorded in 2023) and an irregular exporter of ceramic products (one month of exports in 2024). Vgtec Ltd’s website showcases its core business: manufacturing sewn products, particularly bullet-resistant vests and school dresses. It also highlights its experience in producing a wide range of sewn goods, from t-shirts to load-carrying products.

The company’s website emphasizes its professional and reliable service, hands-on management, and versatile production capabilities. It even features testimonials from satisfied clients, praising Vgtec’s ability to deliver high-quality products on time and within budget. Recent news items on the site include updates on portable heat pads and office bed projects, showcasing its diverse range of activities.

Financially, Vgtec Ltd’s recent performance presents a mixed picture. Average number of employees increased significantly by 81%, reaching 29, which is a good sign, but cash bank on hand has plummeted 65% to £150,000. Current assets have also decreased by 29% to £510,000, and net assets have fallen 22% to £390,000. Trade debtors have seen a dramatic decline of 67%, suggesting potential issues with customer payments. However, creditors have also decreased by 29%, which could indicate improved debt management. The company’s small size (meeting two of three criteria for being considered small) helps it remain flexible, but the decrease in equity is something to watch. No auditor is mentioned, likely due to its small company status.

The increase in employees, while positive, may have contributed to the decrease in cash reserves. It’s possible that the company is investing in growth, but the financial data suggests it’s facing some financial pressures. The company’s focus on specialized sewn products and its commitment to quality could help it navigate these challenges, but careful financial management will be crucial for its long-term success.

Registered in England/Wales under the registration number 07224770, with a registered address at BB1 5UA, England, Blackburn, Jasmine House Unit C1 Cunliffe Road, Whitebirk Industrial Estate.

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