Neptune Sonar Limited

Neptune Sonar Ltd from London UK: a small holding company with an active status, has been operating for 34 years. Employing 41 people and holding £3,468,574 in assets, it maintains a virtual address and is overseen by five directors and one owner. The company regularly imports electrical machinery and equipment (58 months) and exports optical and medical tools and devices (178 months).

The business operates in the other professional, scientific and technical activities n.e.c. industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. While the company’s registered address is SE1 2AQ, United Kingdom, London, 7th Floor 3 More London Riverside, it’s likely a virtual address as nineteen companies are registered at the same location.

Financial data reveals a mixed picture. Accumulated depreciation impairment property plant equipment decreased by 53%, while bank borrowings over drafts disappeared completely. Cash bank on hand, however, increased significantly by 92%, reaching £880,000. Trade creditors and trade payables rose by 28%, suggesting a need to manage supplier relationships. Net assets also increased by 10%, reaching £3,500,000. The company’s net current assets liabilities increased by 12%, reaching £3,000,000.

The company’s financial statements are unaudited, which is common for small entities. It’s worth noting that the list of directors and owners changed four months ago, which could indicate restructuring or a change in strategy. The company’s focus on importing electrical equipment and exporting medical tools suggests a diverse supply chain and customer base, but also exposes it to potential disruptions. The rise in creditors, while not alarming, should be monitored closely to ensure the company maintains healthy payment terms.

Registered in England/Wales under the registration number 02525414, with a registered address at SE1 2AQ, United Kingdom, London, 7th Floor 3 More London Riverside.

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