In Control Projects Limited

In Control Projects Ltd from Basildon UK: small company, active status, founded 21 years ago, 5 employees, £214,057 assets, virtual address, 2 directors, 2 owners. Regular importer of machinery, boilers, and mechanical appliances; parts (7 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £214,057.

The company operates in the wholesale of other machinery and equipment industries. Officially, it has two owners or PSCs, two directors, and five employees. The registration address is SS14 3WR, United Kingdom, Basildon, Essex, 4 Chester Court, Chester Hall Lane. The address is probably virtual as 426 companies registered at the same address.

Financially, In Control Projects Ltd presents a mixed picture. While current assets increased by 21% to £210,000, net assets decreased by 15% to £36,000. Bank borrowings decreased significantly by 32% to £21,000, and cash reserves plummeted 100% to zero. Trade creditors increased by 56% to £100,000, suggesting a reliance on credit from suppliers. The company’s small size helps it stay agile, but the decrease in cash reserves and equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It’s worth noting that the company’s financial data suggests a possible need to manage cash flow more effectively. The increase in trade creditors, combined with the decrease in cash reserves, indicates a potential strain on working capital. The company’s directors, Gale Craig David and Knapp Julian David, will need to carefully monitor these trends and take corrective action if necessary.

Registered in England/Wales under the registration number 04860220, with a registered address at SS14 3WR, United Kingdom, Basildon, Essex, 4 Chester Court, Chester Hall Lane.

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