Commercial Safety Systems Limited

Commercial Safety Systems Ltd, based in Wisbech, UK, is a small, active company established 20 years ago. With eight employees and £1,264,597 in assets, it operates from a real address and is led by a single director and owner, Gilbert William Richard. The company is an irregular importer, primarily bringing in vehicles, parts, and accessories—a recent import was made in October 2024. It’s a solo founder business.

The company’s website highlights its focus on commercial vehicle safety. It offers a range of products and services, including cameras, sensors, lighting, and maintenance/repair. A key area is compliance with the Direct Vision Standard (DVS) and HGV safety permits, crucial for vehicles operating in Greater London. The site emphasizes providing critical onsite services and offering workshop repairs and installations. It’s a business clearly focused on a specific niche within the automotive industry.

Financially, Commercial Safety Systems Ltd shows a mixed picture. While current assets increased by 3.2% to £1,300,000, bank borrowings surged by 2,400%, reaching £29,000. Cash reserves fell 21% to £200,000. Trade debtors increased by 9.2% to £1,100,000, suggesting potential challenges in collecting payments. Creditors decreased by 23%, a positive sign of improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Commercial Safety Systems Ltd seems to be navigating a period of change. The increased borrowings and decrease in cash reserves could be linked to investments in equipment or expansion, but it’s something to keep an eye on. The focus on DVS compliance and specialized services suggests a strategy for maintaining profitability in a competitive market.

Registered in England/Wales under the registration number 05452722, with a registered address at PE13 2TW, United Kingdom, Wisbech,, Cambridgeshire, Unit 2 51 Algores Way.

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