Crystal Bar Equipment Ltd

Crystal Bar Equipment Ltd, based in Clitheroe, UK, is a small, active holding company founded fifteen years ago. With five employees and £220,426 in assets, it operates from a virtual address – a point of interest as twelve companies are registered at the same location. The company is led by two directors and has one owner, boasting a perfect 5.0 Google rating from a single review. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliance parts, with the last import activity occurring two months ago in October 2023.

The company’s website showcases a business focused on rental and servicing of bar equipment. It offers a range of services, including equipment rental, servicing, repairs, and the sale of both new and reconditioned machines. The website highlights over 25 years of experience and caters to commercial clients, offering rentals, warranties, and same-day service across the North West, including areas like Harrogate and Skipton. It even offers disaster recovery for damaged pianos, a surprising addition to the bar equipment focus.

Financially, Crystal Bar Equipment Ltd presents a mixed picture. Current assets have decreased by 17% to £220,000, while net assets have fallen 66% to £18,000. Cash reserves have also taken a hit, dropping 48% to £81,000. However, trade debtors have increased significantly, rising 72% to £66,000, which could indicate increased sales. Bank borrowings have also increased by 22%, reaching £160,000. The company’s small size – meeting two of three criteria for being a small company – allows for flexibility, but the decline in equity warrants closer attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Crystal Bar Equipment Ltd appears to be navigating a period of change. While its core rental and servicing business seems to be functioning well, the financial data suggests it’s burning through cash, and the company is relying on increased debt to stay afloat.

Registered in England/Wales under the registration number 06931994, with a registered address at BB7 9WB, England, Clitheroe, Lancashire, Suites 5 & 6, The Printworks Hey Road, Barrow.

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