Watex Ltd

Watex Ltd, based in Beckenham, UK, is a small, active family business founded eleven years ago. With three employees and £42,956 in assets, it operates from a real address and is overseen by three directors and two owners. The company is primarily involved in importing man-made staple fibers (though irregularly, with just one month of imports recorded in 2023) and exporting clothing and accessories made by knitting or crocheting (also irregularly, with one month of exports in 2023). It operates in the agents involved in the sale of textiles, clothing, fur, footwear and leather goods industries.

The company’s website, infowatex.eu, showcases a wide range of water filtration systems and components, catering to both household and industrial clients. It’s clear that the business focuses on retail, with a comprehensive online catalog and a strong emphasis on product information and technical specifications. The site also highlights a focus on providing solutions for drinking water, sediment removal, iron removal, and water softening – demonstrating a commitment to water quality and treatment.

Financially, Watex Ltd’s recent performance presents a mixed picture. Current assets have decreased by a significant 33%, falling to £43,000, while net assets have also declined by 9%, settling at £59,000. Bank borrowings have decreased by 12%, reaching £28,000, and cash reserves have fallen by 42%, dropping to £29,000. Trade debtors have increased by 45%, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for being classified as small) allows for agility, but the decline in equity and cash raises concerns about its financial health. As a small company, it’s exempt from an audit, and the figures are unaudited. The company’s loans from directors have increased by 35%, which is a bit concerning.

Registered in England/Wales under the registration number 08951373, with a registered address at BR3 4QA, England, Beckenham, 2a Sidney Road, Office 1.

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