Fit-lock Systems Limited

Fit Lock Systems Ltd, based in Stockport, UK, is a small, active company founded 29 years ago in 1995. With 24 employees and £2,378,626 in assets, it’s a well-established business run by three directors and a single owner—the solo founder. The company operates from a real address, and has been trading for a considerable time, importing miscellaneous metal items for 69 months and exporting iron or steel products for 65 months.

The company’s core business involves the wholesale of hardware, plumbing, and heating equipment and supplies. While a website isn’s available to analyse, this suggests a B2B focus, likely supplying trade customers rather than selling directly to consumers.

Financially, Fit Lock Systems Ltd appears relatively stable. Current assets have increased by 9%, reaching £2,400,000, while net assets have seen a healthy 21% jump to £1,900,000. Cash reserves have also grown significantly, increasing by 130% to £550,000. Creditors have decreased by 13%, indicating improved 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 agility, and the increase in equity suggests a profitable year. The company’s bank borrowings decreased by 25%, indicating a reduced reliance on external financing. Though no auditor is mentioned (likely exempt as a small company), the unaudited statements paint a positive picture. The increase in other taxation social security payable by 180% could be a one-off event, or a sign of increased business activity. Overall, Fit Lock Systems Ltd seems to be in good financial health, with a solid foundation for continued growth.

Registered in England/Wales under the registration number 03091603, with a registered address at SK7 5DA, Stockport, Cheshire, Kenann House Newby Road Industrial Estate Newby Road, Hazel Grove.

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