Independent Substation Services Limited

Independent Substation Services Ltd, based in Aylesbury, UK, is a small, active company founded thirteen years ago. Employing nineteen people and holding assets of £1,218,610, it’s a well-established player in its field. With six directors and two owners, the company enjoys a stellar 5.0-star Google rating based on three reviews, a testament to its service quality. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with the last import occurring over a year ago.

The company operates in the other service activities n.e.c. industries, specializing in high voltage engineering and substation contracting. Its website highlights expertise in substation inspections, transformer maintenance, and HV/LV installation, catering to clients like London Underground. It’s a professional, safety-conscious service provider, equipped with the latest technology and trained engineers. They even have a preferred partner relationship with Levertech, demonstrating a collaborative approach.

Financially, Independent Substation Services Ltd shows a mixed picture. While current assets increased by a respectable 32% to £1,200,000, net assets only grew by 8.6% to £610,000. Bank borrowings have increased significantly, jumping 150% to £83,000, and cash reserves have fallen 78% to just £41,000. Trade debtors have ballooned by 130% to £1,000,000, which could indicate a shift in payment terms or potentially delayed customer payments. Creditors have also risen, increasing by 71% to £77,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited financial statements. The sharp decline in cash reserves, however, warrants closer attention, although it could simply reflect increased investment in debtors.

Registered in England/Wales under the registration number 07650087, with a registered address at HP19 8TE, England, Aylesbury, 31 Edison Road Rabans Lane Industrial Area.

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