Ferrari Fan Technology (uk) Limited

Ferrari Fan Technology (uk) Limited, based in Herne Bay, UK, is a small, active company founded eighteen years ago in 2006. With three employees and £263,209 in assets, it operates as a solo-founded business with two directors overseeing its activities. The company is a regular importer and exporter of machinery, boilers, and mechanical appliances, with 24 months of import activity and 17 months of export activity recorded. It’s a real address, and it’s probably real because only two companies are registered there.

The company’s website, FFTUK, highlights its specialization in industrial fans, offering a wide range of centrifugal, axial, ATEX, and plastic fans for various industries. It also provides services like fan restoration and offers complimentary brands. The site emphasizes its expertise in high-performance fans and caters to sectors like agriculture, food processing, and oil and gas. It’s a website that’s clearly trying to present a professional image.

Financially, Ferrari Fan Technology (uk) Limited shows some concerning trends. Cash bank on hand has decreased by 21% to £200,000, and current assets have fallen by 26% to £260,000. Trade debtors have also seen a significant drop, down 36% to £62,000. However, creditors have decreased by a substantial 58%, suggesting improved debt management. The company’s small size (meeting two of three conditions for being small) helps it remain flexible, but the decline in cash reserves and the increase in bank borrowings (down 46%) raise questions about its financial health. There’s no auditor mentioned, so the financial statements are unaudited.

Overall, Ferrari Fan Technology (uk) Limited appears to be navigating a period of financial pressure. While its website and product range suggest a strong market position, the declining asset values and increased borrowing indicate a need for careful management. The company’s long-standing presence and specialized expertise, however, provide a foundation for future success, even if it’s not all that easy.

Registered in England/Wales under the registration number 05852087, with a registered address at CT6 7NJ, England, Herne Bay, 14 Ash Close.

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