Powerjet Solutions Ltd.

Powerjet Solutions Ltd, based in Glasgow, UK, is a small, active company founded eight years ago in 2017. With a single employee and £756,797 in assets, it operates from a virtual address shared by 175 other companies – a bit unusual, really. The business is led by two directors, one of whom is also the solo founder, Adams David.

The company specialises in high-pressure water jetting solutions, acting as the exclusive UK and European distributor for Jetstream. Its website highlights sales, rentals, and services related to high-pressure and ultra-high-pressure equipment, also manufacturing and supplying these units. They cater to industries seeking economically viable and user-friendly solutions, boasting relationships with both longstanding and new clients. The website also mentions a piano restoration business, 1066 Pianos, which seems to be a separate venture.

Financially, Powerjet Solutions Ltd shows a mixed picture. Cash bank on hand has increased by a healthy 31% to £440,000, and finished goods are up 5% to £75,000. However, accrued liabilities deferred income has dramatically decreased by 88% to just £220. Creditors have risen significantly by 59% to £180,000, and trade debtors remain stable. Despite this, net assets and liabilities have both increased by 7.1% to £570,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for companies of this size.

Overall, Powerjet Solutions Ltd appears to be financially stable, with a good cash position. The increase in creditors suggests they're investing in growth, and the stable trade debtors indicate good customer payment habits. The decrease in accrued liabilities deferred income is a bit concerning, but without more context, it’s hard to say what that means. It's a solid, albeit small, operation with a clear focus on its niche market.

Registered in Scotland under the registration number SC560095, with a registered address at G3 7PY, Scotland, Glasgow, 14 Newton Place.

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