Efc Systems Uk Ltd

Efc Systems Uk Ltd is a small, active company based in Latchingdon, UK, established sixteen years ago in 2009. With two employees and £204,128 in assets, it operates from a real address and is overseen by three directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 20 months of import activity recorded, the latest in July 2023. It also exports similar items, with eight months of export activity, the latest in November 2023.

The company's website is non-existent, so it’s difficult to determine if it operates an e-commerce platform or relies solely on business-to-business transactions. It’s likely that the company operates as a wholesale supplier, sourcing and distributing industrial equipment.

Financially, Efc Systems Uk Ltd shows some concerning trends. Current assets have fallen by 33%, dropping to £200,000, while net assets have also decreased significantly, falling 31% to £230,000. Bank borrowings have been reduced by 6.5%, which is a positive sign, but cash reserves have plummeted 35%, leaving just £110,000. Trade debtors have been reduced by a significant 52%, suggesting improved collection of payments, but creditors have increased by 8.8%. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Efc Systems Uk Ltd appears to be facing financial headwinds. While the company’s core business of importing and exporting industrial equipment seems to be ongoing, the decline in cash reserves and net assets suggests it's burning through money. The reduction in debtors is a positive, but the increase in creditors could indicate a reliance on short-term financing. The company’s small size offers agility, but the current financial pressures warrant close monitoring.

Registered in England/Wales under the registration number 06807733, with a registered address at CM3 6LG, Latchingdon, Essex, Unit 16 Mapledean Works, Maldon Road.

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