Saab Uk Ltd

Saab UK Ltd, based in London, is a large, active company founded 41 years ago in 1983. Employing 107 people, it holds £22.2 million in assets and generates £40.8 million in revenue annually. As a holding company with four directors and one owner, Saab UK Ltd regularly imports electrical machinery and equipment (183 months) and exports optical and medical tools and devices (18 months). The company's registered address is real, with only one other company registered at the same location.

The company’s financial data reveals a mixed picture. Current assets have increased significantly by 120%, reaching £22 million, while net assets have risen by 71% to £9 million. However, bank borrowings have increased by a substantial 2,400%, reaching £8.1 million, and cash reserves have fallen by 30% to £11 million. Creditors have decreased by 18%, suggesting improved debt management. The company meets two of the three criteria to be considered large, having a turnover of over £36 million and balance sheet total over £18 million.

The company’s auditor is Fawcetts LLP. The increase in bank borrowings, despite improved creditor management, suggests the company may be investing heavily in growth or facing increased operational costs. The decrease in cash reserves could be a consequence of this investment or a sign of tighter working capital management. The company's focus on importing and exporting specialized equipment, combined with its holding company structure, points to a strategic role within the wider Saab group. While the financial data presents some challenges, the company’s established presence and ongoing operations indicate a resilient business.

Registered in England/Wales under the registration number 01724399, with a registered address at SW1Y 5AU, England, London, 2nd Floor Kinnaird House, 1 Pall Mall East.

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