Walstead Peterborough Limited

Walstead Peterborough Ltd, hailing from Colchester, UK, is a sizable holding company with an active status. Established 36 years ago in 1988, the company employs 153 people and manages assets totaling £32,698,000. Its yearly revenue stands at £33,494,000. While it has a registered address, sixteen companies share this space, raising concerns about its virtual nature. The company is overseen by five directors and has one owner, though the list of owners hasn't been updated for nine years. Google users rate it 4.0 out of 5 based on 76 reviews.

The company’s core business involves printing, specifically web-offset printing for magazines, journals, and brochures. It regularly imports machinery, boilers, and mechanical appliances – parts, with 32 months of import activity, and exports printed materials like books, newspapers, and pictures, with 3 months of export activity.

Financially, Walstead Peterborough Ltd presents a mixed picture. While revenue remained stable, net assets declined by 2.1% to £28,000,000, and bank borrowings increased by 18% to £2,800,000. Cash reserves also decreased by 11% to £2,000,000. Trade debtors increased by 10% to £3,000,000, suggesting potential issues with customer payments. Creditors decreased by 5% to £4,800,000, which could indicate improved debt management. The company meets the criteria to be considered large, having turnover above £36 million and balance sheet total above £18 million, but the decline in net assets warrants attention. The company is audited by KPMG LLP, and the report doesn’s mention any significant events.

The increase in borrowings, alongside the decrease in cash reserves, suggests the company may be burning through cash. It’s possible that increased investment in machinery or expansion efforts are contributing to these trends, but further investigation is needed.

Registered in England/Wales under the registration number 02261988, with a registered address at CO3 8PH, England, Colchester, 18 Westside Centre London Road, Stanway.

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