Amppower Engineering Ltd

Amppower Engineering Ltd, based in Saltcoats, UK, is a small holding company with an active status. Founded three years ago in 2022, it employs just one person and holds £312,222 in assets. The company has three directors and two owners, and operates from a real address with only one other company registered at the same location. It regularly imports and exports electrical machinery and equipment – importing for three months and exporting for nine.

The company’s website, AmpPowerengineering, is simple, stating "More Coming Soon" and copyrighting 2023. It’s powered by GoDaddy, suggesting a basic online presence. There’s no e-commerce functionality visible, indicating the company likely operates through other channels, or is in the process of developing its online store.

Financially, Amppower Engineering Ltd presents a mixed picture. While cash reserves declined by nearly 50% to £110,000, creditors decreased by 18% to £220,000, suggesting improved debt management. Trade debtors also decreased, but bank borrowings skyrocketed by over 2700%, reaching £1800, which is a significant increase. The company's equity, however, increased by 81% to £130,000, which is a positive sign. The company is small, meeting two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There is no auditor mentioned, likely due to the company's small size.

The sharp increase in bank borrowings, despite the decrease in cash reserves, is concerning. It could be due to investments in inventory or equipment to support the import and export operations, or perhaps a temporary cash flow issue. The increase in equity, however, suggests the company is retaining profits and building a stronger financial foundation. It’s worth noting that the financial data is unaudited, so the figures should be viewed with some caution.

Registered in Scotland under the registration number SC724187, with a registered address at KA21 5NT, Scotland, Saltcoats, North Ayrshire, 8 Jacks Road.

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