Westcon Products Limited

Westcon Products Ltd from Buckfastleigh UK: a small, family-run holding company with an active status, has been operating for 41 years. Employing 42 people, the company holds £423,155 in assets and boasts a respectable Google rating of 4.0 based on five reviews. It’s an irregular importer, primarily dealing with iron or steel products, with just one month of imports recorded.

The company, established in 1983, specializes in manufacturing timber components and frames for beds, sofas, and associated industries. They source materials from well-managed forests, offering FSC and PEFC certified products. Their website highlights a commitment to high-quality materials and satisfaction guaranteed, with a focus on both raw materials and completed frames. They also operate a separate business, 1066 Pianos, a high-end piano restoration and sales business.

Financially, Westcon Products Ltd shows some concerning trends. While current assets remain at £420,000, net assets have significantly decreased by 59%, falling to £90,000. Bank borrowings have increased considerably, reaching £110,000, while cash reserves have plummeted 95%, leaving just £11,000. Creditors have also fallen by 28%, which could indicate better debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The decrease in equity, however, is a significant concern, and the reliance on unaudited financial statements—due to its small size—leaves some room for questions. The average number of employees has also decreased by 21%, from 42 to 33.

Despite these challenges, Westcon Products Ltd appears to be navigating a complex situation, balancing its timber component business with the prestige of its piano division. It’s a family affair, and while the numbers are a little shaky, their commitment to quality and craftsmanship shines through.

Registered in England/Wales under the registration number 01769174, with a registered address at TQ11 0NS, Buckfastleigh, Devon, Mardle House, Mardle Way.

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