Weg (uk) Ltd

Weg (uk) Ltd, based in Redditch, Worcestershire, is a large, active company established 28 years ago. Employing 61 people, it boasts significant assets of £22,780,303 and generates an impressive £36,525,062 in revenue annually. As a holding company with a real address and overseen by one director and one owner, it maintains a solid Google rating of 4.0 from 11 reviews. The company regularly imports and exports electrical machinery and equipment, with 1707 months of import activity and 338 months of export activity recorded.

The company operates in the wholesale of other machinery and equipment industries. Weg (uk) Ltd is a wholly owned subsidiary of WEG Holding GmbH, a company incorporated in Austria, with the ultimate parent company being WEG S.A. incorporated in Brazil.

Financially, Weg (uk) Ltd presents a mixed picture. While revenue remained steady, net assets decreased by 10%, dropping to £13 million. Current assets also declined by 27%, reaching £23 million. Bank borrowings saw a significant decrease of 17%, falling to £12 million. Despite this, creditors also decreased by 54%, suggesting improved debt management. The company’s large size (meeting two of three criteria for a large company) indicates a stable operation, but the decrease in net assets warrants further investigation. The company’s auditor is Mills Pyatt Audit Limited.

The company’s financial statements, prepared under UK Generally Accepted Accounting Practice, reveal a focus on maintaining a strong asset base while navigating fluctuating market conditions. The decrease in bank borrowings suggests a conscious effort to reduce debt, although the decline in net assets could be attributed to various factors, such as increased operating expenses or investments in new equipment. The company's continued import and export activity demonstrates its commitment to serving the electrical machinery and equipment market, and its strong Google rating reflects positive customer experiences.

Registered in England/Wales under the registration number 03283255, with a registered address at B98 8YP, Redditch, Worcestershire, Lakeside Point, Broad Ground Road.

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