Compcare Compressed Air Ltd

Compcare Compressed Air Ltd, based in Manchester, UK, is a small, holding company with an active status. Founded seventeen years ago in 2007, it employs twelve people and holds assets worth £1,668,912. The company operates from a virtual address – eleven companies are registered at the same location – and is managed by two directors and one owner. It's an irregular importer, primarily dealing with optical and medical tools and devices, with the last import activity recorded over two years ago in September 2022.

The company’s website paints a picture of a specialist provider of compressed air solutions. It offers a comprehensive range of services, from energy-saving compressors and air treatment to maintenance and control systems. It also provides outsourced air packages, allowing clients to treat compressed air as a utility. The site emphasizes expertise, non-onsense advice, and a focus on reducing costs – highlighting a 30% reduction in energy consumption and expertise in capital expenditure, maintenance, and installation. It serves a diverse range of industries, including chemical engineering, manufacturing, and water treatment.

Financially, Compcare Compressed Air Ltd’s recent performance presents a mixed picture. Current assets have decreased by 22%, dropping to £1,700,000, while net assets have fallen significantly by 45%, now standing at £1,000,000. Bank borrowings have increased by 110%, reaching £700,000, and cash reserves have declined by 44%, leaving just £310,000. Creditors have also risen substantially, increasing by 110% to £700,000, suggesting potential cash flow pressures. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the significant equity decline warrants attention. The company’s financial statements were audited by Allen Mills Howard & Co (Statutory Auditors). It’s likely that the company’s focus on cost reduction and outsourced solutions is aimed at navigating these financial challenges.

Registered in England/Wales under the registration number 06401666, with a registered address at M22 0RR, England, Manchester, Dakota House, Concord Business Park.

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