Argus Fire Protection Company Limited

Argus Fire Protection Company Ltd, based in London, UK, is a sizable company with a 43-year history, currently employing 182 people and generating a yearly revenue of £44.3 million. It operates as a holding company with an active status, despite having a virtual address – 44 companies registered at the same location raises concerns. The company, overseen by four directors and a single owner, boasts a Google rating of 3.0 based on nine reviews. They regularly import iron or steel products (28 months) and occasionally export them (2 months).

The company's website showcases a comprehensive suite of fire protection services, from design and installation to maintenance and commissioning. They cater to a wide range of sectors, including commercial, industrial, residential, and healthcare, offering solutions like automatic sprinkler systems, wet risers, foam systems, and gas suppression. They even have a section on "Accreditations and Memberships," highlighting their commitment to industry standards. The site clearly positions Argus Fire as an expert in the field, emphasizing their experience and dedication to safety.

Looking at the financial data, Argus Fire's situation is a mixed bag. Accrued liabilities have increased by 25%, and depreciation on motor vehicles has risen significantly. Administrative expenses have also jumped by 26%, and the company has seen a substantial increase in director remuneration – up 110%. However, cash reserves remain stable at £2.9 million, and turnover has held steady at £44.3 million. A concerning trend is the decrease in amounts recoverable on contracts, down 13%, suggesting potential issues with project delivery. The company’s bank borrowings have also increased, though this could be linked to expansion plans. The increase in the applicable tax rate from 19 to 25 percent will also impact profitability.

While the company’s size (meeting two out of three criteria for a large company) gives it some flexibility, the rising expenses and decreasing contract recoverability warrant close monitoring. The absence of a named auditor suggests that the financial statements are unaudited, relying on internal reporting. Overall, Argus Fire appears to be a well-established player in the fire protection industry, but its financial health requires careful observation as it navigates a changing economic landscape.

Registered in England/Wales under the registration number 01603845, with a registered address at SE1 9SG, England, London, Level 12, The Shard, 32 London Bridge Street.

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