Ward Power Limited

Ward Power Limited, based in Nottingham, UK, is a small holding company with an active status, celebrating 38 years since its founding in 1987. The company, employing 12 people, holds assets totaling £2,678,975. While registered at an address shared by many other companies, suggesting a virtual address, it’s managed by seven directors and has one owner. Ward Power Limited regularly imports machinery, boilers, and mechanical appliances, parts, with the latest import in August 2024. Export activity is less frequent, with a single month of electrical machinery and equipment exports recorded back in December 2019.

The company operates within the manufacture of electric motors, generators, and transformers industries. Its website is not available for review, making it difficult to assess its online presence or e-commerce activities.

Financial data reveals a mixed picture. While net assets increased by 120%, from £120,000 to £270,000, cash reserves have fallen by 30%, to £28,000. Bank borrowings have surged by 2,400%, reaching £29,000, and trade debtors ballooned by 890%, suggesting delayed customer payments. Creditors decreased by 18%, suggesting better debt management. The company meets the criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

The sharp increase in bank borrowings and the rise in trade debtors could indicate a period of investment or expansion, but also potential cash flow challenges. It’s possible the company is reinvesting profits back into the business, or perhaps facing difficulties collecting payments from customers. The decrease in cash reserves suggests a need to carefully manage expenses and ensure timely payments.

Registered in England/Wales under the registration number 02107580, with a registered address at NG16 3NQ, England, Nottingham, 68 Nottingham Road, Eastwood.

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