Watkins Distribution Uk Limited

Watkins Distribution Uk Ltd, based in Leeds, UK, is a sizable holding company with an active status, having been incorporated sixteen years ago in 2008. The company employs thirty-six people and holds assets totaling £3,929,595, generating a revenue of £7,691,858 annually. Despite its size, Watkins Distribution operates from a virtual address, registered at an address shared by 107 other companies, which is a bit unusual. The company is overseen by three directors and has one owner, although the owner list is not exhaustive. It runs an e-commerce site and boasts a respectable Google rating of 4.0 based on seven reviews.

The company specializes in importing and exporting optical and medical tools and devices, with a consistent record of eighteen months of imports and six months of exports. It operates within the “other business support service activities n.e.c.” industry.

Financially, Watkins Distribution Uk Ltd shows a mixed picture. While turnover remains strong at £7,691,858, current assets have decreased by 32%, falling to £3,900,000. Net losses increased significantly, jumping 180% to -£1,900,000, and cash reserves have shrunk by 70%, leaving just £920. Bank borrowings have surged by an astonishing 480%, reaching £180,000, while creditors have fallen by 47%, suggesting some improvement in debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million, and balance sheet total over £18 million.

The lack of auditor information suggests the company is exempt from an audit, relying on unaudited statements. The increase in bank borrowings and the substantial net loss, despite a healthy turnover, are concerning. It’s possible the company is investing heavily in growth or facing increased operational costs, but further investigation would be needed to determine the underlying cause.

Registered in England/Wales under the registration number 06667449, with a registered address at LS1 5AB, Leeds, 1 Park Row.

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