Filter Integrity Limited

Filter Integrity Ltd, based in Sedgefield, UK, is a small, family-run business with an active status, having been founded fifteen years ago in 2010. The company employs just three people and holds £172,789 in assets. It operates from a real address and is led by two directors who are also the owners. The business runs an e-commerce site and regularly imports optical and medical tools and devices, with eight months of import activity recorded as of March 2024.

The company’s activities are focused on engineering-related scientific and technical consulting, suggesting a specialized skillset. While the website is not available for review, the import focus indicates a supply chain role within the medical or optical industries. The family-run nature suggests a close-knit operation with potentially strong customer relationships.

Financially, Filter Integrity Ltd shows a mixed picture. Current assets have increased by 20% to £170,000, but cash reserves have plummeted 96% to just £5,400. Bank borrowings have decreased significantly by 41%, and creditors have also fallen by 41%, suggesting improved debt management. However, trade debtors have exploded, increasing by an astonishing 2,900%, indicating a potential issue with customer payments or a significant expansion of credit terms. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The sharp decline in cash reserves, despite increased assets, is a cause for concern. While the reduction in debt is positive, the explosion in trade debtors suggests a potential liquidity problem. It’s possible the company is experiencing rapid growth, but it needs to carefully manage its working capital to avoid future cash flow issues.

Registered in England/Wales under the registration number 07121383, with a registered address at TS21 3FD, England, Sedgefield, Durham, Netpark Plexus, Thomas Wright Way.

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