Equipshift Ltd

Equipshift Ltd, based in Inverurie, UK, is a small, family-run business with an active status. Founded seven years ago in 2018, the company employs just one person and holds £411,241 in assets. While it has a registered address, it’s likely a virtual one, as eleven companies share the same location. With two directors and two owners, the business operates as a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts.

The company’s website showcases a diverse range of industrial solutions, from fluid pumps and nitrogen equipment to construction equipment and spare parts. It offers sales, rental, and servicing, catering to various industries and sectors. Notably, it also highlights a partnership with Southern Stimulation, acting as their UK agent for pumps and spare parts. The website also mentions a new website launch and an ISO9001 certification, suggesting a focus on quality and customer service.

Financially, Equipshift Ltd shows some interesting trends. Creditors have increased by a substantial 50%, reaching £360,000, while net assets have surged by 150% to £870,000—a positive sign of growth. Bank borrowings have decreased by 34%, reaching £52,000, and cash reserves remain steady at £280,000. Trade debtors have also increased by 36%, reaching £180,000. The company’s small size (meeting two of three criteria for a small company) helps it remain agile. With no auditor mentioned, the financial statements are unaudited.

The increase in creditors suggests the company is investing in growth, while the strong net asset position indicates a healthy financial foundation. The rise in trade debtors could be a temporary blip or a sign of extending credit to customers. Overall, Equipshift Ltd appears to be a financially stable and growing business, though further monitoring of debtor levels would be beneficial.

Registered in Scotland under the registration number SC591596, with a registered address at AB51 4FS, Scotland, Inverurie, Aberdeenshire, C/O Acumen Accountants And Advisors Limited Inverurie Business Hub, Burghmuir Circle, Blackhall Industrial Estate.

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