Jbd Tritec Limited

Jbd Tritec Ltd, a Glasgow-based company, is a sizable operation with a history spanning 46 years. Established in 1979, it’s a holding company with 83 employees and a healthy £7.68 million in assets, generating £14.1 million in revenue annually. The company, which has two directors and one owner, holds a respectable 4.0-star rating on Google based on eight reviews. They regularly import machinery, boilers, and mechanical appliances parts, with 19 months of import activity, and occasionally export similar items, with 2 months of export activity.

The company operates in the manufacture of other fabricated metal products, and its registered address is a real one, shared by only four other companies. Dougan Connor and Dougan Henry are the current directors, and the director list was recently updated.

Financially, Jbd Tritec Ltd presents a mixed picture. While turnover increased by a solid 9.2% to £14.1 million, the company has experienced some challenges. Net assets decreased by 23%, and cash reserves plummeted 30% to £2.9 million. Bank borrowings have surged by 2400%, reaching £530,000, indicating a need for increased financing. Creditors, however, decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be considered a large company: turnover more than £36 million, balance sheet total more than £18 million, and average number of employees more than 250.

The company’s auditor is TB Dunn & Co, and the financial statements are unaudited. The substantial increase in bank borrowings, coupled with the decrease in cash reserves, suggests the company may be burning through cash faster than it’s generating it. The decrease in net assets, however, could be due to investments in growth or other strategic initiatives.

Registered in Scotland under the registration number SC067235, with a registered address at G51 3HR, Glasgow, 430 Helen Street.

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