Pass (portable Appliance Safety Services) Ltd

Pass Portable Appliance Safety Services Ltd, based in Stockton On Tees, UK, is a holding company with an active status, celebrating 22 years in business. Employing 114 people, the company holds assets worth £10,146,318. It’s a family-run operation with two directors and two owners, and boasts a 3.0 rating on Google based on 16 reviews. The company regularly imports and exports optical and medical tools and devices, with 548 months of import activity and 735 months of export activity recorded.

The company’s website, PASS Ltd, offers a wide range of services, primarily focused on test equipment, calibration, and training. It’s not a pure e-commerce site, but rather a provider of services and equipment, with links to several websites: tester.co.uk (test equipment), electricaltrainingcourse.co.uk (training), and calibrate.co.uk (calibration). PASS Ltd positions itself as a one-stop shop for businesses needing equipment testing and safety solutions, servicing industries from utilities to medical facilities. It even announced an acquisition of Gas and Environmental Services GES recently.

Financially, PASS Ltd presents a mixed picture. Accrued liabilities and deferred income decreased by 19%, a positive sign. However, accumulated depreciation on property, plant, and equipment increased, suggesting ongoing investment in assets. Bank borrowings also rose, though not dramatically. Net assets, however, increased significantly by 17%, indicating improved overall financial health. Cash reserves grew by 6%, and creditors decreased, suggesting better debt management. The company’s turnover is not explicitly stated, but its asset size suggests it’s a substantial player in its sector. The company’s financial statements were audited by Anderson Barrowcliff Limited.

While the company appears to be in a stable position, the increase in bank borrowings and the need for ongoing investment could pose challenges in the future. The acquisition of GES could provide new revenue streams, but also adds complexity to the business. Overall, PASS Portable Appliance Safety Services Ltd seems to be a well-established and reputable company, but it’s important to monitor its financial performance closely in the coming years.

Registered in England/Wales under the registration number 04457106, with a registered address at TS17 7AR, England, Stockton On Tees, 1 Wilson Street, Thornaby.

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