Wipex Limited

Wipex Limited, based in Oldbury, UK, is a small, active company founded 22 years ago. With just one employee and £404,204 in assets, it operates from a virtual address – a detail flagged by the fact that eighteen companies are registered at the same location. The business is a family affair, overseen by three directors and two owners, and currently holds a Google rating of 3.0 based on just two reviews.

The company's website is minimal, providing little insight into its operations beyond a listing in corporate directories. It appears to be involved in the manufacture of other fabricated metal products and retail sales via mail order and the internet.

Financially, Wipex Limited presents a mixed picture. While cash bank holdings decreased by 3.9% to £390,000, trade debtors increased significantly, jumping 530% to £2,000. Creditors also decreased, falling 27% to £28,000, suggesting improved debt management. Net assets remained relatively stable at £380,000. The company’s small size – meeting two of three conditions to be classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) – allows for flexibility, but the increase in debtors could indicate challenges in collecting payments. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Wipex Limited seems to be navigating a period of change, with a focus on managing its finances and maintaining its small-scale operations.

Registered in England/Wales under the registration number 04449919, with a registered address at B69 2JG, England, Oldbury, West Midlands, 3b Swallowfield Courtyard, Wolverhampton Road.

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