Gas Fast Limited

Gas Fast Ltd from Watford UK: a large company holding significant assets and generating substantial revenue, is active and has been around for nineteen years. With thirty-three employees and a real address, the company is led by five directors and owned by one individual. Its Google rating stands at a respectable 4.0 based on seventy-three reviews, and it’s a regular importer of electrical machinery and equipment, having imported for five months with the last import operation being made in October 2023.

The company operates within the plumbing, heat and air-conditioning installation and environmental consulting activities industries. It’s a holding company, and its size is significant, meeting two out of three conditions for a large company: turnover exceeding £36 million and balance sheet total exceeding £18 million.

Financially, Gas Fast Ltd’s numbers present a mixed picture. Accumulated amortisation impairment intangible assets has seen a dramatic increase of 280%, while depreciation impairment property plant equipment has also risen significantly by 230%. The company’s staff costs have increased by a substantial 45%, and administrative expenses have more than doubled, jumping 72%. Despite these increases, revenue has decreased by 18%, dropping to £27,044,042. Cash and cash equivalents have remained relatively stable, however, net assets have increased by 63% to £6,100,000.

The company’s bank borrowings have seen a large increase, and creditors have decreased. The company’s net losses have deepened, and cash reserves have fallen. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements.

The company’s growth in administrative expenses, coupled with a decrease in revenue, suggests it may be investing heavily in operations, although whether this will translate into long-term profitability remains to be seen. The fact that it’s a holding company suggests it may have other ventures, and the increase in bank borrowings could be funding these.

Registered in England/Wales under the registration number 05784955, with a registered address at WD24 4JL, United Kingdom, Watford, Vision House, 19 Colonial Way.

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