Edge Technologies Ltd
- Small
- Active
- 6 years
- 5 employees
- £251,377 (assets)
- Virtual address
- 5 directors
- 1 owner
- Regular importer
- Regular exporter
- Solo founder
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Edge Technologies Ltd, based in Dundee, UK, is a small, active company founded six years ago. With five employees and £251,377 in assets, it operates from a virtual address, a detail that's worth noting as fourteen companies share the same registration location. The company is run by five directors and a solo founder, Davie Gregory Joseph. It regularly imports electrical machinery and equipment (for 14 months) and exports optical and medical tools and devices (for 4 months).
The company's website showcases a specialized business: artificial lift monitoring technology for the oil and gas industry. It offers solutions like ground fault detection, quartz sensors, two-way communications, and compatibility with existing ESP systems. The site also highlights a division focused on piano restoration, a seemingly unrelated venture that adds a layer of complexity to the company's profile. The website's address is 8 Harlaw way, AB51 4SG, Inverurie, United Kingdom.
Financially, Edge Technologies Ltd presents a mixed picture. Current assets decreased by 4.9% to £250,000, while net assets fell 20% to -£160,000. Bank borrowings decreased by 32% to £22,000, and cash reserves plummeted 86% to £8,600. Creditors increased by 33% to £390,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited financial statements, prepared using Caseware UK, don’t mention an auditor.
While the artificial lift technology division appears to be active, the financial data suggests the company is burning through cash. The diversification into piano restoration, while potentially lucrative, adds complexity and could be a distraction from the core business. It's possible the company is reinvesting heavily in growth, but the sharp decline in cash reserves warrants close monitoring.
Registered in Scotland under the registration number SC611228, with a registered address at DD1 3JA, United Kingdom, Dundee, Unit 14 City Quay.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 6 years
- 1
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 1 year
-
Resident of United Kingdom
-
Individual
- 5 years
-
Resident of United Kingdom
-
Individual
- 5 years
-
Resident of United Kingdom
-
Individual
- 5 years
-
Resident of United Kingdom
-
Individual
- 6 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eight months ago.
Last news
-
Confirmation statement made on 2024-10-28 with no updatesDownload 3 pages pdf report
-
Confirmation statement made on 2024-10-13 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-10-31Download 14 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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FAQ about Edge Technologies Ltd
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