Wieland Nemco Ltd.

Wieland Nemco Ltd, a large company based in London, UK, has been a fixture in the copper and copper products industry for 36 years. With 28 employees and £17,886,359 in assets, the company generated £48,308,022 in revenue last year. Though operating from a virtual address, it's managed by four directors and a single owner, who is also the solo founder. The company boasts a 5.0 Google rating from seven reviews and runs an e-commerce site. A regular importer and exporter of copper products, with 412 months of import activity and 196 months of export activity, it’s a key player in the market.

As a large company (meeting two of three conditions: turnover exceeding £36 million and balance sheet total exceeding £18 million), Wieland Nemco Ltd is a significant force. The company’s cash bank on hand has seen a dramatic increase of 100%, jumping to £5,500,000, while administrative expenses decreased by 16%, falling to £1,500,000. Amounts owed to group undertakings have decreased significantly, dropping 46% to £1,600,000. Despite these positive trends, corporation tax payable has risen to £180,000, and cash bank on hand has increased substantially.

The company’s website showcases a diverse range of copper and brass products, including sheets, strips, rods, and tubes, catering to various industries like heating, cooling, and electronics. It also highlights specialized services like contract work, slitting, and multicoiling, demonstrating a commitment to customer needs. The site also details the company's focus on sustainability and offers a wealth of technical information and resources.

While the company’s financial position appears generally stable, a decrease in accrued liabilities deferred income by 9.3% and a drop in current assets by 2.2% to £18,000,000 are worth noting. The increase in corporation tax payable to £700,000 could be due to increased profitability, but it’s something to monitor. The company’s reliance on a virtual address, with 151 companies registered at the same location, does raise questions about its operational structure. The accounts were audited by Blick Rothenberg Audit LLP, providing a degree of assurance regarding their accuracy. Overall, Wieland Nemco Ltd appears to be a well-established and active player in the copper products market, navigating the challenges of a dynamic industry.

Registered in England/Wales under the registration number 02352212, with a registered address at WC2B 5AH, London, 16 Great Queen Street, Covent Garden.

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