Process Safety Solutions Ltd

Process Safety Solutions Ltd, based in Aberdeen, UK, is a small holding company with an active status, established 14 years ago. Employing 19 people, the company holds assets valued at £970,682 and operates from a real address. With three directors and one owner, it maintains a respectable Google rating of 4.0 based on seven reviews. Notably, it’s an irregular importer of electrical machinery and equipment, with just one month of imports recorded.

The company's website highlights its role as specialists in industrial automation, OT systems, and IT hardware, offering engineering support, alarm management, functional safety, and cybersecurity services. It partners with OEMs and system integrators to provide a range of offerings, from new system builds to maintenance and spares repairs. Recent news includes a rebranding to PSS, a successful Alarm Management Forum, and achieving Cyber Essentials certification. Case studies showcase projects like upgrading OT networks for TotalEnergies and validating safety instrumented functions.

Financially, Process Safety Solutions Ltd demonstrates a mixed picture. While current assets increased by 9.3% to £970,000, net assets saw a significant jump of 29% to £680,000. Bank borrowings decreased substantially, falling by 48% to £46,000, and cash reserves surged by 160% to £71,000. However, trade creditors decreased by 45%, which could be a sign of tighter payment terms. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the fluctuating financials warrant closer attention. No auditor is mentioned, indicating exemption as a small company.

Overall, Process Safety Solutions Ltd appears to be navigating a period of change and growth, though its financial performance suggests a need for continued vigilance.

Registered in Scotland under the registration number SC389993, with a registered address at AB10 6NW, Aberdeen, Process House, 341 Great Western Road.

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