Highsparks T.c.s. Limited

Highsparks T.c.s. Limited, based in Lanark, UK, is a large holding company with an active status, established sixteen years ago. The company employs thirteen people and holds assets totaling £809,019. It operates from a real address and is overseen by three directors and one owner. Regular imports of machinery, boilers, and mechanical appliances – parts have been recorded for thirteen months, with the latest operation occurring in September 2023.

The company’s website doesn’t offer much insight into its operations beyond its registration details. It appears to be a crane rental agency, focusing on the supply, maintenance, and repair of tower cranes. It’s a private limited company registered in Scotland with a registration number of SC343222.

Financially, Highsparks T.c.s. Limited presents a mixed picture. While current assets increased by 9.7% to £810,000, net assets also rose by 12% to £730,000. However, bank borrowings increased significantly, reaching £930,000 – a 23% decrease from the previous year. Cash reserves fell by 27% to £180,000. Creditors also increased by 33% to £280,000, suggesting a possible need for more efficient debt management. The company’s turnover is reported to be over £36 million, and its balance sheet total exceeds £18 million, confirming its status as a large company. The company’s unaudited accounts, prepared using CCH Accounts Production software, show a profit loss of £76,000, a 67% decrease from the previous year. The company’s tax credit on profit or loss on ordinary activities has also decreased by 55%. Bishop Fleming LLP is the auditor.

The increase in bank borrowings and decrease in cash reserves, alongside the reduced profit, could indicate that Highsparks T.c.s. Limited is investing heavily in its operations or facing increased costs. However, the growth in assets and turnover suggests that the company is still expanding its business.

Registered in Scotland under the registration number SC343222, with a registered address at ML11 0RL, Scotland, Lanark, Thorniehall Farm, Douglas.

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