Wafer Enterprises Ltd.

Wafer Enterprises Ltd from Londonderry UK: small company, holding company, active status, founded 36 years ago, 50 employees, £2,620,637 assets, real address, 2 directors, 1 owner, e-commerce site, google rating 3.0 based on 5 reviews. Regular importer of machinery, boilers, and mechanical appliances; parts (5 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the manufacture of other milk products, the manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes industries.

The business, founded thirty-six years ago, is a holding company with a real address in Londonderry, and it has a Google rating of 3.0 from five reviews. The company is a regular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling five months of imports. The last import operation was conducted on March 01, 2021. It runs an e-commerce site, and it has two directors and one owner.

Financially, Wafer Enterprises Ltd shows some concerning trends. Current assets dropped by 14% to £2.6 million, while net assets plummeted 49% to just £1.2 million. Bank borrowings surged by 60%, reaching £230,000, and cash reserves fell 220% to -£120,000. Creditors decreased by 20%, suggesting better debt management. The company’s small size helps it stay agile, but the sharp equity drop raises questions. The unaudited figures rely on director-reported data.

The company’s net loss increased significantly, suggesting it’s burning through cash. The increase in bank borrowings and decrease in cash reserves are worrying signs. The decrease in creditors is a positive, but it doesn’t offset the larger financial concerns. The lack of an auditor mentioned (likely exempt as a small company) adds to the uncertainty.

Registered in Northern Ireland under the registration number NI022342, with a registered address at BT48 8SE, Londonderry, Skeoge Food Park, Beraghmore Road.

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