Worldwisetrading Ltd

Worldwisetrading Ltd from Northolt UK is a small, active company founded eighteen years ago. With fifteen employees and £1,818,754 in assets, it’s a well-established operation run by a solo founder who also serves as director and owner. The company regularly imports and exports electrical machinery and equipment, with a long history of import activity (156 months) and a more recent focus on exports (19 months). It’s a real address, and the company manages Proofvision Ltd.

The business operates in the manufacture of other electrical equipment and the retail sale of goods not in stores, stalls, or markets. Its website is not available, so it’s difficult to assess its online presence or e-commerce activities.

Financially, Worldwisetrading Ltd presents a mixed picture. Current assets have increased by 8.7% to £1,800,000, a positive sign. However, net assets have jumped 16% to £1,200,000, and bank borrowings have decreased significantly by 63%, falling to £33,000. Cash reserves have increased by a substantial 220%, reaching £490,000. Trade debtors have decreased by 15%, suggesting improved collection practices, while creditors have also fallen by 63%, indicating better debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small, exempt companies.

The company’s financial trends suggest it’s in a relatively healthy position, with increased cash reserves and improved debt management. The increase in net assets is a particularly encouraging sign. However, the decrease in trade debtors could indicate a slowdown in sales, or perhaps a shift towards stricter credit terms. Overall, Worldwisetrading Ltd appears to be a stable and well-managed small business, though continued monitoring of its sales and debtor activity would be prudent.

Registered in England/Wales under the registration number 06224384, with a registered address at UB5 5HY, England, Northolt, Unit 1, Avad House, Belvue Road.

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