Accurate Safety Limited

Accurate Safety Limited, based in London, UK, is a small holding company with an active status, established seven years ago. Despite its active status, the company is facing some challenges, with accounts overdue by 22 days and confirmation overdue by two months. It employs just one person and holds £54,764 in assets, operating from a virtual address shared by numerous other businesses. The company is led by one director and has one owner, though the owner list changed five years ago.

The company's primary business revolves around safety solutions for the construction industry. Its website, Accurate Safety Edge Protection, highlights its specialization in safety nets, edge protection, and StairFast systems, meeting ANSI and BS EN standards. It’s a British-owned company with a focus on design and manufacture, emphasizing high-quality components and easy installation. The company has recently been recognized as an Innovate UK Grant Winner.

Financially, Accurate Safety Limited presents a mixed picture. While current assets increased by 17% to £64,000, net assets decreased by 6% to -£75,000, indicating a growing deficit. Bank borrowings have decreased by 13% to £33,000, and cash reserves have dropped by 30% to £3,200. Creditors have increased by 17% to £120,000, and trade debtors have risen by 21% to £61,000. The company qualifies as small, meeting two of three conditions (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The lack of an auditor (likely due to small company status) means these figures are unaudited.

The company is an irregular importer of aluminum and aluminum products, with one month of import activity recorded, and an irregular exporter of iron or steel products, with one month of export activity. It's clear that while the company’s products and website are well-designed, the financial data suggests it's burning through money, possibly typical for a growing business, but requiring careful management.

Registered in England/Wales under the registration number 11184474, with a registered address at EC2A 4NE, England, London, 3rd Floor 86 - 90 Paul Street.

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