Videcon Ltd

Videcon Ltd, based in Heckmondwike, UK, is a large company operating as a holding company with an active status. Founded 29 years ago in 1995, it employs 71 people and holds assets valued at £24,258,129. The company has a real address and is overseen by three directors and one owner. It boasts a Google rating of 4.0 based on 44 reviews, and is a regular importer and exporter of electrical machinery and equipment, with 732 months of import activity and 56 months of export activity.

Videcon Ltd operates as a wholesale supplier of CCTV, fire, intruder, and access control solutions. Its website showcases a wide range of products, from recording devices and cameras to fire ancillaries and access control systems. While it doesn't appear to be an e-commerce site in the traditional sense, it does feature a "featured products" section and actively promotes training events and demo bookings. The site also highlights partnerships with brands like Concept Pro and Paxton, and even sponsors events like the Women in Security Awards.

Financially, Videcon Ltd shows a mixed picture. While current assets remained relatively stable at £24,000,000, bank borrowings increased by 17%, reaching £6,500,000. Cash reserves, however, saw a significant boost, increasing by 85% to £1,900,000. Net losses deepened from £920,000 to £1,500,000, and staff costs decreased by 11% to £2,600,000. Creditors decreased by 18%, suggesting improved debt management. The company meets two of three criteria for being a large company, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The company's accounts were audited by Azets Audit Services Limited.

The increase in bank borrowings, despite the rise in cash reserves, could indicate investments in expansion or working capital needs. The deeper net losses, while concerning, could be attributed to increased operating expenses or strategic investments. Overall, Videcon Ltd appears to be a well-established player in its industry, but its financial performance warrants close monitoring.

Registered in England/Wales under the registration number 03085668, with a registered address at WF16 0PN, Heckmondwike, West Yorkshire, Unit 1 Concept Business Park, Smithies Lane.

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