Goldsystem Limited

Goldsystem Limited, based in Sidcup, Kent, UK, is a small, active company with a long history, having been founded 40 years ago in 1984. Employing seven people, the company holds £240,308 in assets and operates from a virtual address shared by ninety-seven other businesses. With three directors and one owner, Goldsystem boasts a stellar 5.0 Google rating from two reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with its last import operation recorded one month ago. The company operates in the electrical installation industries.

The company’s website, while not actively used for e-commerce, provides a professional presence. It highlights Goldsystem’s expertise in electrical work and suggests a focus on quality service. It’s unclear if they have a showroom or retail space, but their online presence indicates a B2B focus, targeting commercial clients needing electrical services.

Financially, Goldsystem Limited presents a mixed picture. While cash reserves increased by 20% to £170,000, net assets only grew slightly by 3.2% to £66,000. Trade debtors increased by 11%, suggesting a potential reliance on customer payments. Creditors, however, rose significantly by 14%, and other creditors increased by a whopping 61%, which could indicate increased expenses or supplier credit. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), allowing it to avoid a full audit—the accounts are unaudited. Bank borrowings remain steady.

The increase in other creditors and the slight dip in net assets, despite growing cash reserves, suggest that Goldsystem is reinvesting in its business, perhaps expanding its services or equipment. The lack of an auditor mentioned is common for small companies. It's likely that the company is financially stable, but needs to monitor its expenses and manage its credit effectively to maintain a healthy bottom line.

Registered in England/Wales under the registration number 01843196, with a registered address at DA14 4DT, Kent, 12 Hatherley Road, Sidcup.

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