Webeye Limited

Webeye Ltd from Mansfield UK: a small, active company founded sixteen years ago, employs twenty-six people, and holds assets worth £1,012,767. Yearly revenue sits at £3,203,747, reflecting a solid business performance. With four directors and four owners – a family business – it operates from a real address and regularly imports and exports electrical machinery and equipment, with a history of 168 months of imports and 55 months of exports.

The company specializes in security systems service activities, operating as a supplier in Mansfield, England. It’s a private limited company registered in England/Wales with the registration number 06812615. The company’s website is not available for review.

Financially, Webeye Ltd presents a mixed picture. While turnover decreased by 12% to £3.2 million, cash reserves increased by 82% to £42,000. However, net assets remained constant at £1.6 million, and bank borrowings increased by 22% to £320,000. Creditors decreased by 18%, suggesting improved debt management, and staff costs increased by 11% to £730,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The accounts are unaudited, as is typical for small companies.

The significant increase in bank borrowings and the decrease in net assets are worth noting. It’s possible that the company is investing in growth, but the trend warrants closer monitoring. The directors have opted to value the Intellectual Property at a conservative estimate of £750,000, despite estimates suggesting a higher value.

Registered in England/Wales under the registration number 06812615, with a registered address at NG18 5FT, England, Mansfield, Innovation House, Kestral Road.

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