Insulcon Technical Limited

Insulcon Technical Ltd, based in North Shields, UK, is a small holding company with an active status, established six years ago in February 2019. Employing 30 people, the company holds assets valued at £1,576,949. It operates from a real address and is managed by two directors and one owner. The company regularly imports iron or steel products (8 months) and exports miscellaneous metal items (17 months).

The company's official website showcases a range of technical insulation and fire protection solutions for industries like oil and gas, petrochemicals, and power generation. It doesn’t appear to be an e-commerce site, but rather a platform to detail its products and services, including removable insulation systems, passive fire protection, and high-temperature insulation. The site highlights the benefits of its solutions, such as cost savings, labor reduction, and space optimization. The company's website also mentions corrosion prevention, fire protection, weather resistance, and temperature control, indicating a focus on specialized industrial applications.

Financially, Insulcon Technical Ltd shows some interesting trends. Bank borrowings increased significantly, jumping by 1,300% to £130,000, while cash reserves decreased by 40% to £180,000. Trade debtors increased by 60%, suggesting a possible shift in payment terms or a build-up of outstanding invoices. Creditors also rose by 20%, which could be related to increased supplier costs. Net assets decreased by 10%, indicating a decline in overall equity. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s not required to have its accounts audited, so the figures are unaudited. The company's increase in bank borrowings could be to fund growth or cover operational expenses, but the decrease in cash reserves is something to watch.

Registered in England/Wales under the registration number 11849237, with a registered address at NE29 7SN, England, North Shields, Unit 24 Orion Way, Orion Business Park.

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