Wescol Limited

Wescol Limited, based in Wolverhampton, UK, is a small, active company with a rich history spanning 74 years. Established in 1951, the company employs six people and holds £1,297,828 in assets. It operates from a virtual address, a fact highlighted by the presence of 122 companies registered at the same location. Wescol is managed by four directors and owned by Jervis Richard Thomas Parry. The company regularly imports and exports machinery, boilers, and mechanical appliances, including parts, with 59 months of import activity and 30 months of export activity recorded.

The company's website, specialisedwelding.co.uk, showcases a wide range of welding equipment, consumables, and safety products. It caters to both commercial and industrial customers, offering a diverse selection of brands and products. The site also features a blog with helpful articles and resources for welders. The company’s website also highlights a partnership with MSPORT Ford World Rally Team.

Financially, Wescol Limited presents a mixed picture. While cash reserves increased by a substantial 83% to £990,000, net assets declined by 23% to £98,000. Bank borrowings were eliminated, a positive sign, but trade debtors decreased significantly by 64%, suggesting potential issues with customer payments. Creditors, however, increased by 30%, and other creditors saw a dramatic 520% increase, which could indicate increased reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity warrants closer attention. The company’s financial statements are unaudited, as it is exempt from an audit as a small company.

Overall, Wescol Limited appears to be navigating a period of change. While it maintains a strong presence in the welding supply market, the financial trends suggest a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 00490107, with a registered address at WV1 4SB, England, Wolverhampton, West Midlands, Granville House, 2 Tettenhall Road.

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