Wordentec Limited

Wordentec Limited, based in Beaworthy, UK, is a small, active company founded 23 years ago in 2002. With five employees and £1,373,663 in assets, it operates from a real address on the Lake Industrial Estate. A single director and owner steer the company, which enjoys a perfect 5.0 Google rating from two reviews. Wordentec is a regular importer of electrical machinery and equipment, having imported for 18 months, and has recently begun exporting for four months.

The company’s website highlights its focus on thin-film deposition systems, upgrades, and process controls for coating systems. It appears to be a B2B operation, offering specialized equipment and services rather than direct retail. There’s no obvious e-commerce presence, suggesting a focus on direct sales and technical support.

Financially, Wordentec Limited presents a mixed picture. Cash reserves have increased significantly, jumping 19% to £1.1 million, and current assets are up 9.5% to £1.4 million. However, trade debtors have risen sharply, increasing by 190% to £120,000, which could indicate challenges in collecting payments. Property, plant, and equipment have decreased slightly, down 2.9% to £200,000. Despite a decrease in the number of employees, from five to four, net assets have increased by 10% to £1.3 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible. As a small company, it's exempt from an audit, so the financial statements are unaudited.

Overall, Wordentec Limited seems to be financially stable, with growing assets and cash reserves. The increase in debtors, however, warrants monitoring. The company’s specialized focus and strong technical offerings suggest a sustainable business model, but it's important to see if the increased debtors are a temporary blip or a longer-term issue.

Registered in England/Wales under the registration number 04347418, with a registered address at EX21 5SP, Beaworthy, Devon, Unit 1c Lake Industrial Estate, Shebbear.

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