Clydesdale Technical Services Limited

Clydesdale Technical Services Limited, based in Biggar, UK, is a small, active family business established 14 years ago. With five employees and £117,461 in assets, the company operates from a real address and is managed by three directors and two owners. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with the last import occurring just one month ago. The company’s core business involves other retail sales, not in stores.

While the company’s website is unavailable for analysis, its financial report reveals a mixed picture. Accumulated depreciation has increased by 34%, indicating investment in property, plant, and equipment. However, cash bank on hand has plummeted by a staggering 100%, leaving the company with zero cash reserves. Creditors have significantly increased by 80%, and net assets have fallen by a substantial 92%, dropping to just £3,600. Trade debtors have also risen considerably, by 32%, suggesting a reliance on customer payments.

Despite these challenges, the company’s small size—meeting two of three criteria to be classified as small—allows for flexibility. The increase in other debtars by 2000% is a concerning trend, and the sharp decline in equity raises questions about the company’s financial health. With no auditor mentioned, the financial data relies on unaudited statements. The company’s irregular import activity and focus on machinery suggest a niche market, but the financial pressures warrant close monitoring.

Registered in Scotland under the registration number SC396578, with a registered address at ML12 6PD, Biggar, Woodside Cottage, Thankerton.

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