Filco Services Limited

Filco Services Ltd, based in Newcastle, UK, is a small, family-run business with an active status. Founded nineteen years ago in 2006, it employs eight people and holds £245,264 in assets. With a real registered address and four directors, the company operates as a regular importer of machinery, boilers, and mechanical appliances, with five months of import activity recorded. It boasts a perfect 5.0 Google rating from two reviews.

The company’s website highlights its specialization in the supply and installation of dust filter systems, sleeves, bags, and cartridges for various dust collectors across the UK. It positions itself as a distributor for Donaldson and Henkel, offering competitive prices and a fast, friendly service. The site also showcases several customer projects, including the installation of an environmental control booth and the replacement of tired dust collectors. It’s clear that Filco Services focuses on providing comprehensive dust filtration solutions for industrial applications.

Financially, Filco Services Ltd presents a mixed picture. Current assets have decreased by 25% to £250,000, while net assets have fallen 32% to £100,000. Bank borrowings have increased significantly by 1100%, reaching £36,000, and cash reserves have declined 31% to £36,000. Creditors have also decreased by 50%, suggesting some improvements in debt management. 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 decline in equity is concerning. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

The increase in bank borrowings and the decrease in cash reserves suggest that Filco Services is burning through money, perhaps to expand its operations or invest in new equipment. The decrease in net assets could be due to increased depreciation or impairment losses. While the company maintains a strong reputation for its dust filtration services, its financial health warrants close monitoring.

Registered in England/Wales under the registration number 05800624, with a registered address at ST5 6AT, England, Newcastle, Units 5 - 7 Valley Park, Watermills Road.

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