Clocking Systems Limited

Clocking Systems Ltd from Southport UK: a small, active company founded 18 years ago, employs 24 people, and holds £645,591 in assets. It operates from a virtual address and is led by one director and owner, running an e-commerce site with a solid Google rating of 4.0 based on 54 reviews. The company is an irregular importer of clocks, watches, and their parts, with recent activity in December 2024.

The company's website showcases a comprehensive range of time and attendance solutions, targeting UK businesses. It offers both computer-linked clocking systems and standalone machines, catering to various needs—from simple card systems to biometric face recognition and RFID technology. The site emphasizes ease of use, real-time data, and integration with payroll software, highlighting features like facial recognition, fingerprint scanning, and proximity fob clocking. Case studies from companies like Hirex Ltd and WH Smith demonstrate the system's ability to streamline timekeeping and improve efficiency.

Financially, Clocking Systems Ltd presents a mixed picture. Current assets have decreased by 20% to £650,000, while net assets have fallen a significant 79% to just £16,000. Bank borrowings have increased by 350% to £29,000, and cash reserves have fallen 41% to £300,000. Debtors have increased by 44% to £200,000, while creditors have decreased by 13% to £720,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the substantial equity decline suggests potential financial pressure. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company's irregular import activity and the decrease in cash reserves could indicate challenges in managing working capital. However, the strong Google rating and the focus on a niche market—time and attendance systems—suggest a loyal customer base and a potential for future growth.

Registered in England/Wales under the registration number 06243455, with a registered address at PR8 1DQ, England, Southport, Pelican House, 119c Eastbank Street.

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