Wattrus Group Limited

Wattrus Group Ltd from Solihull UK: a small, active company established 30 years ago, employs 65 people, and holds £2,138,772 in assets. It's a real address with four directors and two owners, a family business with a respectable Google rating of 4.0 based on 15 reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with just one month of imports recorded.

The company’s website showcases Wattrus Group Ltd as leading specialists in soft furnishings and flooring, with a history stretching back to 1986. They provide services for interior designers, architects, and developers, manufacturing a diverse range of products from their Solihull facility. They also hold a national contract with a leading Retirement Living and Care provider, demonstrating a focus on tailored solutions for specialist environments. The website details their expertise in flooring, soft furnishings, and retirement living solutions, with a focus on quality, value, and service.

Financially, Wattrus Group Ltd shows some interesting trends. Property, plant, and equipment increased by 48%, suggesting investment in their manufacturing capabilities. However, bank borrowings surged by 20%, and cash reserves decreased by 58%, indicating a need for careful cash flow management. Creditors also increased by 32%, which could be a result of increased purchasing to support growth. Despite these pressures, the company’s net assets grew by 30%, suggesting overall financial health. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The absence of an auditor mentioned suggests the company is exempt from an audit as a small company.

While the company appears to be growing and expanding its services, the financial data suggests it’s navigating a period of change. The growth in assets and services is encouraging, but the increase in debt and decrease in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 02971103, with a registered address at B90 4NP, United Kingdom, Solihull, West Midlands, 7 Highlands Road, Shirley.

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