Worcester Tubes Limited

Worcester Tubes Ltd is a small, active company founded 38 years ago in 1986, boasting a solid 5.0 Google rating from four reviews. Based in Worcester, it holds £356,025 in assets and operates from a real address, managed by four directors and one owner. The company regularly imports iron or steel products, with recent activity recorded just three months ago. It’s a small business, meeting two of the three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website, while minimal, reveals its operations within the agents involved in the sale of fuels, ores, metals and industrial chemicals industries. It’s unclear if there’s a substantial e-commerce presence, as the site primarily serves as an informational hub.

Financially, Worcester Tubes Ltd presents a mixed picture. Current assets have decreased by 21% to £360,000, and net assets have also fallen by 6.2% to £490,000. However, fixed assets have seen a significant increase of 32% to £560,000. Cash bank on hand has dropped considerably, down 50% to just £99. Creditors have also decreased by 29%, which could indicate improved debt management. The company’s property plant and equipment has seen a substantial increase of 71%, which may be due to investments in machinery or equipment. There’s a large increase in provisions for liabilities, up 4200%, which could be a one-off adjustment.

The lack of an auditor mentioned suggests the company is exempt as a small business, relying on unaudited statements. It's possible the company is experiencing some cash flow challenges, despite the growth in fixed assets. The increase in provisions for liabilities is something to keep an eye on.

Registered in England/Wales under the registration number 02032797, with a registered address at WR5 3DF, Navigation Road, Worcester.

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