Pts Services (group) Ltd

Pts Services Group Ltd, based in Aberdeen, UK, is a small, active company founded five years ago in 2019. Employing 17 people and holding £3,923,721 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts—with 10 months of recorded activity in both areas.

The company’s website highlights its role as a service provider specializing in hydraulic and electrical products and systems. Pts Services offers design, manufacturing, refurbishment, and equipment rental, catering to the global onshore and offshore energy and subsea industries. Case studies showcase projects like waste management solutions, subsea system upgrades, and marine HPU deliveries—demonstrating a focus on specialized engineering and maintenance. It’s clear they aren’s a pure ecommerce business, but rather a service provider with a website to showcase their capabilities.

Financially, Pts Services shows a mixed bag. Current assets increased by 46% to £3,900,000, while net assets grew by 51% to £3,200,000. Bank borrowings decreased by 10%, and cash reserves increased by 63% to £1,200,000. Trade debtors increased by 50%, which could indicate growth in sales but also potential challenges in collecting payments. Creditors decreased by 11%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in debtors is something to watch. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Pts Services Group Ltd appears to be in a relatively healthy position, experiencing growth in assets and cash reserves. However, the increase in trade debtors warrants monitoring. The company’s specialized services and established presence in the energy sector seem to be driving its success, but the financial details suggest they are working hard to keep their finances in order.

Registered in Scotland under the registration number SC643812, with a registered address at AB23 8UN, Scotland, Aberdeen, Unit 2 Tamala Industrial Estate, Whitecairns.

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