Whitehouse Machine Tools Limited

Whitehouse Machine Tools Ltd from Kenilworth UK: a small, active company founded 38 years ago, employs 22 people, and holds £3,732,912 in assets. With a real address, three directors, and two owners, it boasts a respectable Google rating of 4.0 based on seven reviews. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 365 months of import activity recorded, and exports similar goods, with 16 months of export activity.

The company operates as agents involved in the sale of machinery, industrial equipment, ships and aircraft, and it’s a small business meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Its website is not available, so it's difficult to determine if it’s an e-commerce operation.

Financially, Whitehouse Machine Tools Ltd shows a mixed picture. Current assets increased by 9.5% to £3,700,000, while net assets grew by 2.9% to £1,500,000. Cash reserves saw a healthy increase of 39% to £1,500,000, but bank borrowings decreased by 80%, dropping to £80,000. Trade debtors experienced a significant decline of 47%, falling to £410,000, which could indicate improved collection practices. Creditors, however, rose by 14%, reaching £2,300,000, and net losses increased by 11%. The company's small size helps it stay nimble, but the increase in creditors warrants attention. As a small company, it is exempt from an audit, so the financial statements are unaudited.

The company’s increased cash reserves and improved debt management are positive signs, but the rise in creditors suggests a need for careful financial management going forward.

Registered in England/Wales under the registration number 02117070, with a registered address at CV8 2FD, Kenilworth, 7 Princes Drive, Crackley Industrial Estate.

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