Walstead Press Group Limited

Walstead Press Group Ltd, based in Colchester, UK, is a large holding company with an active status, having operated for 56 years. Employing 37 people, the company holds assets of £28.15 million and generates £2.053 million in revenue annually. Despite a perfect 5.0 Google rating from two reviews, the company uses a virtual address, registered at an address shared by sixteen other companies, which raises some questions. Five directors and one owner oversee operations, with Murray Bruce Grant, Southerland Ian, Kingston Roy Ernest, Read Debbie, and Utting Paul George serving as directors.

The company’s primary activity is operating as a holding company, but it also engages in printing n.e.c., activities of head offices industries. A website is not available to analyse.

Financially, Walstead Press Group Ltd shows a mixed picture. While current assets increased by a significant 50% to £28 million, net assets decreased by 6.2% to -£31 million. Bank borrowings increased by 68% to £26 million, while cash reserves decreased by 48% to £510,000. Trade debtors increased by 58% to £27 million, suggesting potential issues with customer payments. Creditors increased by 23% to £59 million. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating a competitive landscape. The accounts were audited by Edmund Carr LLP. The company has taken exemption from presenting a cash flow statement and reporting key management personnel compensation.

The sharp decline in net assets, despite increased revenue, warrants further investigation. The company's irregular export activity, with just two months of exports recorded over the last seven years, indicates a limited international presence. The reliance on a virtual address, while common, could also raise concerns about operational transparency.

Registered in England/Wales under the registration number 00933418, 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.