Boluda Towage Caledonian Ltd

Boluda Towage Caledonian Ltd, based in Invergordon, Scotland, is a small, active holding company founded eleven years ago. With twenty-eight employees and £1,929,046 in assets, it operates from a real address shared by only one other company, suggesting a genuine presence. The business, overseen by two directors and a single owner, has a respectable Google rating of 4.0 based on two reviews. Notably, it’s an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation occurring two months ago in April 2022.

The company’s core function is supporting transportation, specifically within the towing and marine services sector. Boluda Towage Caledonian Ltd is part of a larger group, Boluda Towage Uk Ltd, which owns the company. The directors are Vandecappelle Geert Hilaire and Dulson Philip David.

Financially, Boluda Towage Caledonian Ltd presents a mixed picture. Current assets have declined by 48%, dropping to £1.9 million, while net assets have also decreased by 4.7%, settling at £4.1 million. Bank borrowings have seen a significant surge, increasing by 2,400% to £29,000, and cash reserves have fallen 50% to £290,000. Creditors, however, have decreased by 73%, indicating improved debt management. The company’s small size—meeting two of three conditions for being a small company—allows for flexibility, but the decline in equity warrants attention. As a small company, it is exempt from an audit, and the figures are unaudited.

The company’s financial statements show a concerning trend of increased liabilities and decreased cash reserves. It’s likely that the company is burning through cash to support its operations, but it is difficult to determine the extent of the issue without more detailed information.

Registered in Scotland under the registration number SC464135, with a registered address at IV18 0EH, Scotland, Invergordon, 37 Shore Road Shore Road.

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