Ionic Rescue Ltd

Safequip Ltd, based in Grangemouth, UK, is a small, active company established 24 years ago. With 17 employees and £1,273,370 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports electrical machinery and equipment (108 months) and exports footwear and related items (44 months).

The company’s website showcases a focus on fire safety solutions and product supply, particularly for the African market. It operates as a distributor and manufacturer of fire extinguishers, hose reels, vehicle brackets, and other related equipment. A significant portion of the site is dedicated to highlighting certifications and partnerships, emphasizing quality and reliability. The company also appears to be involved in the broader Rovic International Group of Companies, leveraging their expertise in agricultural equipment and irrigation technology. The website clearly targets a B2B audience, offering solutions for businesses and organisations seeking to protect lives and property. It's not an e-commerce site in the traditional sense; rather, it serves as a catalogue and information hub, encouraging direct contact for inquiries and orders.

Financially, Safequip Ltd shows some concerning trends. While turnover isn't explicitly stated, net assets have fallen by 10%, dropping to £670,000. Bank borrowings have increased by 42%, reaching £67,000, and cash reserves have declined by 52%, leaving just £8,900. Trade debtors have also seen a significant decrease, down 33%, suggesting difficulties in collecting payments. On the positive side, creditors have decreased by 18%, and the company meets the criteria to be classified as a small company, which helps with agility. The lack of an auditor mentioned (likely exempt due to its size) means the figures are unaudited.

Overall, Safequip Ltd appears to be navigating a period of financial pressure, despite its established presence in the fire safety market. The decline in cash reserves and increase in borrowings raise questions about its ability to maintain operations, though the decrease in creditors suggests some improvements in debt management.

Registered in Scotland under the registration number SC216357, with a registered address at FK3 8ZE, Scotland, Grangemouth, Unit 5c Innovate At Earls Court, Earls Gate Business Park.

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