Wilcare Wales Limited

Wilcare Wales Ltd from Cowbridge UK: a small holding company with an active status, was founded 23 years ago. The company employs 61 people and holds £1,298,166 in assets, operating from a real address. It’s managed by four directors and has one owner, currently boasting a 3.0 Google rating from five reviews. Wilcare Wales is a regular importer of electrical machinery and equipment, with six months of import activity recorded.

The company's website showcases a manufacturer of furniture, specializing in rise and recline chairs. Wilcare offers a range of products, from stock items dispatched next working day to bespoke, made-to-measure options. They cater to both domestic and healthcare settings, with a dedicated mobile and healthcare range, and even a designer collection. Notably, Wilcare emphasizes British craftsmanship, handbuilding all chairs in Great Britain with a five-year guarantee. The company also owns Relax & Recline Chairs UK Limited.

Financially, Wilcare Wales Ltd presents a mixed picture. Current assets have decreased by 14% to £1,300,000, while net assets have fallen by 19% to £930,000. Bank borrowings have significantly reduced by 48% to £68,000, and cash reserves have plummeted 70% to £1,400. Creditors have also decreased by 12%, suggesting improved debt management. 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 for agility, but the decline in equity raises questions. The company is exempt from an audit, so the figures are unaudited.

The company’s average number of employees has decreased by 6.6%, from 61 to 57. A significant increase in the revaluation reserve, from £85,000 to £510,000, may indicate a change in accounting practices or a revaluation of assets. The parent company, Wilcare Holdings Ltd, made a dividend of £234,500 to its parent company. Overall, Wilcare Wales Ltd seems to be facing some financial pressures, although it remains a well-established British manufacturer with a strong focus on quality and customer service.

Registered in England/Wales under the registration number 04319611, with a registered address at CF71 7PF, Cowbridge, Vale Of Glamorgan, Unit 40 Vale Business Park, Llandow.

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