Ping Network Solutions Limited

Ping Network Solutions Limited, based in Bellshill, Scotland, is a sizable company with an active status, having been incorporated fifteen years ago in 2009. Employing seventy-seven people and holding £11,573,529 in assets, the firm generates a revenue of £25,726,613 annually. It’s a holding company with three directors and one owner, boasting a stellar 5.0 Google rating from eight reviews. The company’s registered address is real, with only one other company registered at the same location.

The company operates in the computer facilities management activities, the other professional, scientific and technical activities n.e.c., and the repair of computers and peripheral equipment industries. It’s an irregular exporter, with its top export categories including Electrical machinery and equipment, totaling one month of exports. The last export operation took place on September 01, 2020.

Financially, Ping Network Solutions Limited presents a mixed picture. While turnover increased by 35% to £26 million, net assets declined by 18% to £5.8 million. Cash bank on hand decreased by 30% to £5.1 million, and bank borrowings increased by 63% to £5.1 million. However, creditors decreased by 16%, suggesting improved debt management. Depreciation impairment property plant equipment increased by 28%, indicating investment in assets. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million, balance sheet total over £18 million, and more than 250 employees. The company’s audit was conducted by Brebners.

These numbers suggest a period of growth and investment, but also some financial strain. The increase in borrowings and decrease in cash reserves could indicate a need for careful financial planning. The company’s management team, consisting of Moreton Kevin, Slamenkaite Olga, and Mottard Jacques Francis, will need to navigate these challenges to ensure long-term sustainability.

Registered in Scotland under the registration number SC365069, with a registered address at ML4 3FB, Scotland, Bellshill, 3 Dove Wynd, Strathclyde Business Park.

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