Fast Systems Limited

Fast Systems Ltd from Reading UK is a small, active company founded 41 years ago, back in 1983. With five employees and £405,539 in assets, it’s a long-standing business with a real address and three directors overseeing operations, although it’s ultimately owned and founded by a single person. It has a rather low Google rating of 1.0 based on just one review. The company regularly imports electrical machinery and equipment, with a history of 14 months of import activity.

The company’s website, Scalewatcher, focuses on selling electronic water descalers – devices that prevent limescale buildup in homes and businesses. The site emphasizes the product’s ease of installation (“Fit It, Forget It”), guaranteed results, and cost savings compared to traditional water softeners. It even features testimonials from satisfied customers and a video explaining how the device works. The website also mentions a partnership with Products Editor of Professional Builder magazine.

Financially, Fast Systems Ltd has seen some changes. Cash bank on hand has decreased by 18% to £340,000, while current assets have fallen 13% to £410,000. However, trade debtors have plummeted by a significant 59%, suggesting improved collection of payments. Director remuneration has also decreased by 47% to £31,000. Despite these changes, the company remains small, meeting two of the three criteria for a small business: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s accounts are unaudited, as is common for small businesses.

While the business has a long history and a clear product focus, the decline in cash reserves and assets suggests it may be facing financial pressures. The company’s success hinges on continued sales of its water descalers and maintaining a positive reputation among customers.

Registered in England/Wales under the registration number 01744352, with a registered address at RG4 9HN, England, Reading, West Suite Building 5, Withy Copse, Horsepond Road, Kidmore End.

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