Key Solutions Ltd

Key Solutions Ltd, based in Preston, UK, is a small holding company with an active status, celebrating 28 years in business. The company employs five people and holds £337,900 in assets. With three directors and one owner, it operates from a real address, sharing space with just three other companies. While it’s been importing sporadically (none in the last eight years), it exports electrical machinery and equipment, with the last export activity recorded eight years ago.

The company’s website details a range of services related to equity release, mortgages, wills, and lasting power of attorney. It positions itself as a specialist, offering expert advice and award-winning service to individuals over 55 seeking to access their home’s equity. The website highlights a focus on tax-free cash, personalized solutions, and a commitment to helping customers make informed decisions. It even has a calculator for estimating potential tax-free cash.

Financially, Key Solutions Ltd shows some concerning trends. Current assets have decreased by a significant 54%, falling to £340,000. Net assets have also taken a hit, dropping 31% to £180,000. Bank borrowings remain stable at £120,000, but cash reserves have plummeted 71%, sitting at just £94,000. Creditors have also decreased, suggesting better debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is likely due to its small size.

The company’s financial data suggests a period of contraction, with a sharp decline in cash reserves and assets. While it maintains a stable debt position, the reduced financial cushion could present challenges. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company’s focus on specialized financial services and its reputation for expert advice may help it navigate these pressures.

Registered in England/Wales under the registration number 03298821, with a registered address at PR1 1LD, Preston, Lancashire, 105 Garstang Road.

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