W B Powersource Limited

Wb Powersource Ltd from West Midlands UK is a small holding company with an active status, established 33 years ago. The company holds £1,206,708 in assets and operates from a real address, managed by four directors and one owner, boasting a stellar 5.0 Google rating based on eight reviews. It's a regular importer of electrical machinery and equipment, with 67 months of import activity recorded.

The company’s website, wbpowersource.co.uk, primarily focuses on forklift batteries and related services. It offers new, reconditioned, and lithium batteries, along with chargers and regeneration services. The site also provides rental options and nationwide service coverage. It’s clear they’re targeting businesses needing forklift maintenance and power solutions, with a focus on UK delivery and installation. They even have a second location in Washington, Tyne Wear.

Financially, Wb Powersource Ltd presents a mixed picture. While cash reserves increased significantly by 310% to £87,000, current assets decreased by 7.5% to £1,200,000. Bank borrowings were reduced by 68% to £33,000, which is a positive sign. Creditors also decreased, suggesting improved debt management. However, the significant increase in future minimum lease payments—a new expense—could pose a challenge. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned is consistent with its status as a small company and exemption from an audit.

Overall, Wb Powersource Ltd appears to be navigating a period of transition. While cash flow has improved, the decrease in current assets and the introduction of lease payments warrant close monitoring. The company’s long-standing presence and positive Google rating suggest a solid foundation, but sustaining growth will depend on effective financial management and adapting to changing market conditions.

Registered in England/Wales under the registration number 02709782, with a registered address at B70 8JB, West Midlands, Brandon Way, West Bromwich.

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