Aaroc Solutions Ltd

Aaroc Solutions Ltd, based in Glasgow, UK, is a small, active family business founded 15 years ago. With three employees and £713,863 in assets, it operates from a virtual address shared by 54 other companies—a bit unusual. The company is led by one director and two owners, with a recent change to the ownership list suggesting potential sales opportunities. It’s a tight-knit operation, and they've been around for a while.

The company specializes in the installation of industrial machinery and equipment, and it’s an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of October 2022. It's not a high-volume importer, but it does bring in goods.

Financially, Aaroc Solutions Ltd presents a mixed picture. Cash reserves have increased by a healthy 23% to £630,000, and current assets are up 24% to £710,000. However, creditors have significantly increased, rising 160% to £110,000 in the last year, which could be a concern. Depreciation charges have also increased substantially, from £5,800 to £26,000, indicating investment in property, plant, and equipment. Despite these challenges, net assets have grown by 94% to £500,000, suggesting a strengthening financial position. 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. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company's growth in assets and cash reserves is encouraging, but the increase in creditors warrants closer attention. It's possible that the company is investing in its business, but it's also important to manage debt effectively. The recent change in ownership could be a sign of new investment or a strategic shift, but it's too early to say for sure.

Registered in Scotland under the registration number SC374849, with a registered address at G74 4LZ, Scotland, Glasgow, 6b Hunter Street, East Kilbride.

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