Vigo Presses Limited

Vigo Presses Limited, based in Honiton, UK, is a small, active company established eleven years ago. With eight employees and £447,458 in assets, it operates from a real address and is overseen by three directors and one owner. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 67 reviews. It’s a regular importer and exporter, specializing in machinery, boilers, and mechanical appliances, with parts imported for 39 months and exported for 3 months.

The company’s website showcases a wide range of products, from fruit presses and bottling equipment to cider-making courses and testing instruments. It caters to both home enthusiasts and commercial producers, offering everything needed for fruit processing, winemaking, and brewing. The site also highlights a sister company, Devon Drinks Solutions, which provides bottling and canning services for craft producers.

Financially, Vigo Presses Limited presents a mixed picture. Current assets have decreased by 12% to £450,000, while net assets have fallen by 25% to £220,000. Bank borrowings have surged by 80%, reaching £110,000, and cash reserves have dwindled 97% to just £1,000. Creditors have also increased by 27%, reaching £280,000. 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 remain flexible, but the sharp decline in equity raises concerns. The company is exempt from an audit as a small company, so the figures are unaudited.

The increase in bank borrowings and decrease in cash reserves suggests the company may be burning through money, perhaps to expand its product range or marketing efforts. It’s possible that the surge in creditors reflects delayed payments from customers, or perhaps an investment in inventory to meet increased demand.

Registered in England/Wales under the registration number 08857555, with a registered address at EX14 4RB, United Kingdom, Honiton, Devon, Pelagic House, Flightway, Dunkeswell.

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