Jet Pool Maintenance Limited

Jet Pool Maintenance Ltd, based in Glasgow, UK, is a small, active company established eleven years ago. With four employees and £265,372 in assets, it operates from a virtual address shared by numerous other businesses, a detail that warrants further scrutiny. The company has two directors and one owner, Wenzel Eric Ernest, and is currently navigating a period of change. It’s a private limited company, registered with Companies House under the number SC468145.

The company specializes in providing specialised cleaning services, and its website, though not provided, likely reflects this focus. It also imports electrical machinery and equipment, though irregularly, with the last recorded import occurring over a year ago. The business appears to be a modest operation, meeting two of the three criteria to be classified as small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

A review of the company's financial data reveals a mixed picture. While cash bank on hand increased by a respectable 25% to £97,000, current assets dropped by 35% to £270,000. Trade debtors have increased significantly, ballooning by 41% to £170,000, which could indicate challenges in collecting payments or an expansion of credit terms. On the other hand, creditors have risen substantially, increasing by 110% to £110,000. The most concerning trend is the decline in equity, which fell by 3.2% to £170,000. Bank borrowings have also increased, albeit modestly, by 25% to £3,500. The company’s net assets have remained stable at £200,000. The lack of an auditor mentioned suggests the company is exempt from an audit due to its small size.

Overall, Jet Pool Maintenance Ltd seems to be facing some financial pressures, though it’s not necessarily in a crisis. The increase in debtors and creditors, coupled with the decline in equity, warrants careful monitoring. The company's small size and the specialised nature of its services could provide a degree of resilience, but sustained growth will likely depend on effective debt management and improved cash flow.

Registered in Scotland under the registration number SC468145, with a registered address at G2 4HG, Scotland, Glasgow, C/O Taxkings Limited, 4th Floor, 176 Bath Street.

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