Idem Safety Switches Limited

Idem Safety Switches Ltd from Wigan UK: a large company with an active status, was founded 21 years ago. It employs 45 people and holds £15,660,947 in assets, operating from a real address. Seven directors and one owner – Mohtasham Mehdi – manage the business, which has a perfect 5.0 Google rating based on seven reviews. The company regularly imports and exports electrical machinery and equipment, with 720 months of import activity and 550 months of export activity recorded.

The company’s website showcases its role as a leading manufacturer of safety interlock switches and machine guarding solutions. It offers a wide range of products, including non-contact switches, coded magnetic switches, and guard locking systems, catering to industries like food and beverage, pharmaceutical, and automotive. The site details various product lines and even includes downloadable catalogues and videos, indicating a focus on technical information and customer support. It’s clear that Idem Safety Switches is targeting a B2B market, providing components and systems for industrial automation and safety applications.

Financially, Idem Safety Switches Ltd presents a mixed picture. While turnover remained steady at £36 million, net assets decreased by 17%, dropping to £15 million. Bank borrowings were reduced by 100%, eliminating all debt, and cash reserves increased by 180%, reaching £7.6 million. Administrative expenses, however, increased significantly by 130%, reflecting potential investments in operations or marketing. The company’s large size (meeting two of three conditions for a large company: turnover over £36 million and balance sheet over £18 million) suggests a stable, established business, but the increase in expenses warrants closer attention. The company’s auditor, Prime Factor Limited, conducted an audit in December 11, 2024.

Overall, Idem Safety Switches Ltd appears to be a financially sound company with a strong reputation in its niche market. While the increase in administrative expenses is a point to monitor, the company’s robust cash position and debt reduction indicate a healthy trajectory.

Registered in England/Wales under the registration number 04822458, with a registered address at WN2 4HR, England, Wigan, 2 Ormside Close, Hindley Green.

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