Erh Services Ltd

Erh Services Ltd from Chelmsford, Essex UK: a small, active company founded five years ago, employs two people, and holds £247,404 in assets. It operates from a virtual address and is run by two directors and owners, representing a family business. The company regularly imports optical and medical tools and devices, with four months of import activity recorded as of July 2023.

The company’s website showcases a focus on precision agriculture, offering CHCNAV products and gallery displays. It positions itself as helping businesses work smarter through automation and precision technologies, with a “Buy Now” call to action for precision agriculture solutions. Sections for precision ground care and construction are marked as “coming soon,” indicating planned expansion. The website also prominently displays a phone number and email address, and a link to its privacy policy and terms and conditions.

Financially, Erh Services Ltd demonstrates a mixed picture. Current assets increased by 31%, reaching £250,000, while net assets surged 160%, hitting £160,000. Cash bank on hand also saw a healthy increase of 24%, climbing to £110,000. However, creditors decreased by 10%, and trade debtors rose significantly by 76%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors could indicate challenges in collecting payments. The unaudited financial statements, prepared with CCH Software, do not mention an auditor.

Overall, Erh Services Ltd appears to be financially stable, with growing assets and cash reserves. However, the rise in trade debtors warrants monitoring. The company’s focus on precision agriculture and automation suggests a niche market with growth potential, but the lack of employee growth may limit its scalability.

Registered in England/Wales under the registration number 12375056, with a registered address at CM1 1GU, England, Chelmsford, Essex, Swift House Ground Floor, 18 Hoffmanns Way.

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