Advance Applicator Solutions Limited

Advance Applicator Solutions Ltd, based in Manchester, UK, is a small, holding company currently active. Founded just three years ago in April 2021, the company employs only two people and holds £38,703 in assets. It’s managed by two directors and owned by Wilson George Group Ltd, with the list of owners changing three years ago. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, while not providing detailed information, suggests a focus on online retail. It's likely an e-commerce business, but further investigation would be needed to confirm the specifics of its product offerings and target market.

Financially, Advance Applicator Solutions Ltd presents a mixed picture. While the company’s equity dropped significantly, increasing from -£59,000 to -£130,000, cash reserves also plummeted by 97%, leaving just £1,300. Trade debtors have risen substantially, increasing by 550%, which could indicate a reliance on customer payments or a shift in credit terms. On the positive side, creditors decreased by 15%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the significant equity drop and low cash reserves raise concerns. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

The company's retained earnings and accumulated losses have also increased, suggesting that the business is burning through money. It’s difficult to say exactly why, but it could be due to increased operating expenses, slower sales, or a combination of both. The company's directors, George Dieno and Wilson Benjamin Mark, will need to address these challenges to ensure the company's long-term viability.

Registered in England/Wales under the registration number 13354207, with a registered address at M27 8BW, England, Manchester, Irwell Point Rechar Way, Swinton.

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