Octopus Test Systems Ltd

Octopus Test Systems Ltd, based in Aberdeen, UK, is a small, active company founded six years ago in 2018. With just two employees and £50,317 in assets, it's a solo founder operation managed by two directors. The company operates from a real address and has a solo owner, Waddell Scott. It’s irregular when it comes to importing optical and medical tools and devices (just one month of imports recorded), but a regular exporter of the same (nine months of exports).

The company’s website highlights its role as a leading provider of test and inspection products for pressure cylinders and bespoke test solutions. It offers services like pressure cylinder inspection, refurbishment, and bespoke test system design. The website also showcases a range of products, including hydrostatic pressure testing equipment, inspection lights, and corrosion measurement tools. It’s clear that Octopus Test Systems Ltd caters to industries requiring rigorous testing and inspection of pressure vessels.

Financially, Octopus Test Systems Ltd presents a mixed picture. Current assets have increased by 31%, reaching £50,000, while net assets have increased by 140%, reaching £1,300. Bank borrowings have decreased by 41%, reaching £3,800, and cash reserves have increased by 190%, reaching £8,400. Creditors have decreased by 5.5%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant increase in cash reserves may indicate a period of reduced spending or increased sales. No auditor is mentioned, which is likely due to the company's exemption as a small entity.

Overall, Octopus Test Systems Ltd appears to be a stable, niche business. It's clear that the company is focusing on providing specialized testing and inspection solutions, and the recent financial improvements suggest it’s on a solid footing.

Registered in Scotland under the registration number SC596100, with a registered address at AB15 9AH, Scotland, Aberdeen, 50 Earlspark Drive Bieldside.

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