Westney International Trading Limited

Westney International Trading Ltd, based in Ripon, UK, is a small, active company established nine years ago in 2016. With a real registered address and a single director and owner, the firm employs just one person and holds £14,261 in assets. It operates as a regular exporter of machinery, boilers, and mechanical appliances, with 28 months of export activity recorded, the latest in July 2022. However, it’s an irregular importer, with just one month of import activity for machinery parts recorded in February 01, 2020.

The company’s website highlights its focus on sourcing agricultural and industrial equipment for customers in the Middle East and Africa. It emphasizes partnerships with original manufacturers and distributors, aiming for competitive rates and speedy delivery. A member of both the London and West North Yorkshire Chambers of Commerce, Westney International positions itself as a reliable bridge between British suppliers and international buyers. The website also mentions a focus on quality and quick response times, suggesting a customer-centric approach.

Financially, Westney International shows a mixed picture. Current assets have fallen significantly, dropping 71% to £14,000, while net assets also decreased, falling 3.2% to -£160,000. Bank borrowings have been reduced by 40%, to £7,500, and cash reserves have plummeted 100% to just £1. Creditors have also decreased by 20%, to £100,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Despite the small size and potential for agility, the sharp decline in cash reserves and the negative equity are concerning. The company's focus on international trade and its membership in business chambers suggests a proactive approach, but the financial data indicates a need to carefully manage expenses and ensure consistent revenue. The company is clearly facing pressures, but it’s too early to say if this is a temporary setback or a longer-term challenge.

Registered in England/Wales under the registration number 10098935, with a registered address at HG4 1PE, United Kingdom, Ripon, 8 Bedern Bank.

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