Widex Uk Limited

Widex UK Limited, based in Chester, is a small, active company founded fifteen years ago in 2009. Employing forty-one people and boasting a Google rating of 4.0 from nine reviews, it operates from a real address within Chester Business Park. The company has three directors, but no owners were reported. It’s a regular importer of electrical machinery and equipment, having imported for 119 months, with the latest import in November 2024. It also exports optical and medical tools and devices, having exported for ninety-six months, with the latest export in October 2024.

The company’s core business revolves around the manufacture of medical and dental instruments and supplies, operating within a specialized niche. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company’s website, while not actively used for e-commerce, provides information about its services and target industries.

Financial data reveals a mixed picture. Accumulated depreciation impairment property plant equipment increased by 15%, while cash bank on hand dropped significantly by 40% to £670,000. Bank borrowings decreased, and creditors rose by 84%, suggesting increased reliance on trade credit. Trade debtors increased by 14%, but non-financial instruments after one year dropped to zero. Deferred tax asset debtors increased by 610%, and corporation tax payable rose to £71,000. The company’s net assets remained stable at £4.6 million, but retained earnings accumulated losses also remained at £4.6 million.

The company’s financial statements are unaudited, and Saffery LLP is the auditor. The company is currently transferring its trade, assets, and liabilities to a fellow subsidiary company and will cease trading within 12 months. This transfer, along with the lack of a profit loss account, suggests a strategic move rather than a sign of distress. While the company’s financial health isn’t booming, it’s not in immediate danger either, and the transfer of assets indicates a planned transition rather than a crisis.

Registered in England/Wales under the registration number 07094822, with a registered address at CH4 9QT, Chester, Cheshire, Winster House Lakeside, Chester Business Park.

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