Fall Protection Solutions Limited

Fall Protection Solutions Ltd, based in Sheffield, UK, is a small, active company founded eighteen years ago in 2006. With three employees and £63,108 in assets, it operates from a virtual address shared by ten other companies, a bit of a red flag. The company is run by three directors and two owners, although the owner list may not be exhaustive. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances; parts, with its last import activity occurring just one month ago. The company’s core business involves other business support service activities.

While the company’s website is not available, its financial data paints a mixed picture. Current assets have increased by a significant 130%, reaching £63,000, which is good news. However, cash reserves have plummeted by a dramatic 100%, leaving just £3 remaining—a worrying trend. Bank borrowings have also increased substantially, jumping by 12,000%, reaching £12,000, which could indicate a need for additional funding. Creditors have increased fivefold, reaching £49,000, suggesting a reliance on credit. Despite these challenges, net assets have grown by 37%, reaching £29,000, likely due to retained earnings. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The financial data suggests Fall Protection Solutions Ltd is experiencing some financial strain. The sharp decline in cash reserves and increase in borrowings are concerning, while the growth in creditors indicates a need to manage debt carefully. It’s likely the company is burning through money, but it’s also possible that the increased borrowing is fueling expansion or investment. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, so caution is advised when interpreting them.

Registered in England/Wales under the registration number 05848920, with a registered address at S1 2DD, England, Sheffield, South Yorkshire, Courtwood House, Silver Street Head.

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