Wholesale Welding Supplies Limited

Wholesale Welding Supplies Ltd from Letchworth Garden City UK is a small company, holding company, with an active status. Founded 42 years ago in 1982, it employs 42 people and holds £4,390,669 in assets. The company has a real address, is managed by two directors, and is owned by one individual. It regularly imports machinery, boilers, and mechanical appliances (parts for 187 months), and exports electrical machinery and equipment (for 99 months).

The company operates a comprehensive online store, wholesale welding supplies, offering a wide range of products including welders, compressors, cutting equipment, safetywear, and tools. It caters to both household customers and larger companies throughout Ireland. The website prominently features its top brands, offers express delivery, and highlights a 6-year warranty on Parweld machines. A review service, eKomi, showcases a 4.95 rating. The business also owns Weldability Sif Limited.

Financially, Wholesale Welding Supplies Ltd shows some concerning trends. Accumulated amortisation for intangible assets increased by 57%, while depreciation on property, plant, and equipment rose by 13%. The number of employees decreased by 14%, and bank borrowings increased significantly, rising by 29%. Cash reserves plummeted 90%, and creditors increased by 15%. Net assets also declined by 30%. While the company's small size (meeting two of three criteria for small company status) helps it remain agile, the decrease in equity and cash reserves suggests potential financial pressures. The company’s auditor is UHY Hacker Young (East) Limited.

Despite these challenges, the company’s online presence and wide product range indicate ongoing activity. The business seems to be focused on maintaining its position as a leading supplier of welding equipment, but it will need to address its declining financial performance to ensure long-term sustainability.

Registered in England/Wales under the registration number 01684362, with a registered address at SG6 1ET, Letchworth Garden City, Hertfordshire, Peters House Orbital Centre, Icknield Way.

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