Powerfish Ltd

Powerfish Ltd, based in Perth, UK, is a small, active company founded 21 years ago in 2003. With three employees and £121,075 in assets, it’s a modest operation run by a solo founder and overseen by three directors. The company has a real address and is a irregular importer, primarily dealing with electrical machinery and equipment – just one month of imports were recorded as of April 2024.

Powerfish Ltd specializes in designing and manufacturing control systems for power generation, serving industries like renewables, food and drink, manufacturing, and medical. Its website highlights a full range of engineering capabilities, including innovative cloud data solutions and automated control systems. It also offers Powerfish software for remote monitoring and data acquisition. The company operates from Inveralmond Industrial Estate and has been in its current location since 2019.

Financially, Powerfish Ltd’s recent performance shows some concerning trends. Accumulated depreciation on computer equipment increased by 150%, while motor vehicle depreciation rose by 30%. However, cash bank on hand jumped a substantial 300% to £28,000. Debtors decreased significantly, by 43%, suggesting improved collection efforts, but creditors also fell by a large 45%. The company’s average number of employees increased by a dramatic 130%, reaching seven, which could be a sign of growth or increased workload. It's worth noting that directors’ loans decreased, with both loans to directors and repayments down by roughly 40%. As a small company, it’s exempt from an audit, so these figures are unaudited.

Overall, Powerfish Ltd appears to be navigating a period of change. While asset values and cash reserves have improved, the increase in depreciation and the decline in equity suggest a need for careful financial management. The company's focus on specialized engineering services and its established presence in the power generation sector should help it weather these challenges, but keeping a close eye on its financial health is important.

Registered in Scotland under the registration number SC257763, with a registered address at PH1 3TW, Scotland, Perth, Unit 3 Inveralmond Road, Inveralmond Industrial Estate.

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