Fynepax Industrial Supplies Limited

Fynepax Industrial Supplies Ltd, based in Glasgow, UK, is a small holding company with an active status, having been founded 18 years ago. The company employs just four people and holds £461,343 in assets. It operates from a virtual address – a fact highlighted by the presence of 27 other companies registered at the same location – and is managed by two directors and one owner. Google users rate it a perfect 5.0 based on 26 reviews. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with the last import recorded two months ago in September 2024.

The company’s website is unavailable, so it's difficult to ascertain the specifics of its operations beyond its import activity. It appears to operate in the non-specialised wholesale trade industries.

Financially, Fynepax Industrial Supplies Ltd presents a mixed picture. Current assets have fallen by 1.3% to £460,000, while net assets have dropped by 2.5% to £340,000. Bank borrowings have increased by 4.6%, reaching £180,000, and cash reserves have fallen by 13% to £160,000. Creditors have also increased by 3.0% to £120,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity and cash reserves could indicate financial pressures. The company is exempt from an audit, so the financial information is unaudited.

The company’s financial data shows a slight decrease in overall assets, and a reduction in cash reserves, which may be a concern. However, the increase in bank borrowings could be a sign of investment or expansion. It's likely that the company is managing its finances carefully, but the trends warrant close monitoring.

Registered in Scotland under the registration number SC312661, with a registered address at G3 7SL, Scotland, Glasgow, 4 Royal Crescent.

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