Westfield Distribution Limited

Westfield Distribution Ltd from Hungerford UK is a small, active company founded 38 years ago. With just two employees and £357,463 in assets, it operates from a virtual address – a point of interest as 36 other companies are registered at the same location. The business is led by a single director and owner, who is also the solo founder. The company regularly imports electrical machinery and equipment (for 5 months, last import in August 5 2021), and irregularly exports the same (for 2 months, last export in October 7 2019).

The company’s website showcases a diverse range of connectors, cables, and assemblies, catering to industrial applications. It specializes in custom cable design and manufacturing, offering solutions for sectors like medical, military, and oil & gas. The site highlights a broad product catalog, including IP67-rated connectors, miniature change connectors, and solenoid valve plugs, alongside services like piano restoration. It’s clear the business is focused on providing specialized, high-quality components and custom solutions.

Financially, Westfield Distribution Ltd presents a mixed picture. Current assets have increased by 47% to £360,000, while net assets have grown by 58% to £240,000. However, trade debtors have surged by a significant 150%, suggesting potential issues with customer payments. Bank borrowings have also decreased by 39%, which is a positive sign. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in debtors warrants attention. As a small company, it is exempt from an audit, and the figures are unaudited.

The company's growth in assets is encouraging, but the increase in outstanding debts could be a cause for concern. It's possible the company is expanding its customer base, which could explain the rise in debtors, but monitoring this trend will be important for future financial health.

Registered in England/Wales under the registration number 02102267, with a registered address at RG17 0NE, United Kingdom, Hungerford, Berkshire, Orwell House, 50 High Street.

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