Instrument Transformers Limited

Instrument Transformers Ltd, from Glasgow UK, is a small holding company with an active status, celebrating 51 years since its founding in 1973. Employing 26 people, the company holds assets valued at £2,360,652 and operates from a real address. With five directors and one owner, it maintains a Google rating of 3.0 based on three reviews. The company regularly imports and exports electrical machinery and equipment, with 154 months of import activity and 179 months of export activity recorded.

Instrument Transformers Ltd specializes in the design and manufacture of low voltage current and voltage transformers. Its website highlights a focus on serving a wide range of industries, including GIS switchgear, vessel propulsion, substation automation, and renewable energy sectors. The company offers both standard and custom transformer solutions, emphasizing durability, cost-optimization, and quick delivery. They’re also expanding into renewable energy with ITL Renewables, supporting transformer and sensor technology requirements. Their website also boasts a lean manufacturing program to compress lead times and improve service.

Financially, Instrument Transformers Ltd presents a mixed picture. Accrued liabilities decreased by 65%, a positive sign, while bank borrowings remained steady. However, corporation tax payable spiked by 250%, reaching £180,000, and cash reserves increased by 49% to £1.3 million. Net assets grew by 9.2% to £2.2 million, and fixed assets decreased by 4%. 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. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on lean manufacturing and customer service suggests a commitment to efficiency and responsiveness. However, the significant increase in corporation tax payable warrants further investigation. The company’s expansion into the renewable energy sector with ITL Renewables could prove to be a key driver of future growth, but it also introduces new challenges and complexities.

Registered in Scotland under the registration number SC054448, with a registered address at G74 1PW, Glasgow, 2/4 Lithgow Place, Lithgow Place East Kilbride.

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