Puretech Systems Limited

U.K. Gas Technologies Limited, based in Salfords, UK, is a holding company with an active status, having been incorporated 34 years ago in December 1990. The company employs 45 people and holds assets totaling £4,907,558. With four directors and one owner, it operates from a real address and regularly imports and exports machinery, boilers, and mechanical appliances; parts.

The company’s website showcases a group of companies, including Puretech, Medicalgases, and Microgas, all focused on gas-related services. It appears the group is involved in both installation and restoration of gas equipment, catering to both commercial and industrial clients. The website gives the impression of a well-established business, with a focus on quality and customer service.

Financially, U.K. Gas Technologies Limited shows some concerning trends. While cash bank on hand increased by 30% to £730,000, current assets declined by 20% to £4,900,000. Net assets, however, took a significant hit, dropping 66% to £2,300,000. Bank borrowings increased by 25% to £370,000, and creditors rose 13% to £670,000. The company’s net loss deepened considerably, reaching -£1,200,000, a significant change from the previous year. The company’s deferred tax policy is to recognise all timing differences, and it uses the historical cost convention in its financial statements. The company’s auditor is Prime, and the financial statements are unaudited.

These figures suggest the company may be facing financial pressures, despite a solid base of assets. The increased reliance on bank borrowings and the substantial loss indicate a need for careful management. It's possible that the group's various subsidiaries are contributing to these trends, or that external factors are impacting the business.

Registered in England/Wales under the registration number 02565991, with a registered address at RH1 5HW, England, Salfords, Surrey, 5 Polar Drive, North Gatwick Gateway.

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