Safetech Systems Limited

Safetech Systems Ltd, a small, active company based in Hayes, UK, has been a fixture in the community for 25 years. Founded in December 1999, the family-run business employs 16 people and holds £764,727 in assets. With three directors and three owners, it maintains a real address and boasts an impressive 5.0 Google rating from 48 reviews. Interestingly, Safetech Systems is an irregular importer, with its last import activity dating back to December 2016, importing none.

The company operates within the professional, scientific, and technical activities sector, offering services that aren't explicitly detailed on a non-existent website. This suggests a business-to-business model, potentially specializing in a niche area within the broader industry. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Safetech Systems shows a mixed picture. While current assets have increased slightly to £760,000, net assets have plummeted to -£89,000 – a significant reversal. Bank borrowings have remained steady, but cash reserves have doubled to £17,000, which is a positive sign. Creditors have increased by 24% to £850,000, and trade debtors have increased by 2.8% to £720,000. The company’s property, plant, and equipment have decreased by 19% to £75,000. It's worth noting that the company’s equity has taken a big hit, dropping 720% to -£90,000, which could be due to retained losses. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s financial performance suggests it may be facing some challenges, despite its strong Google rating and long-standing presence. The decrease in equity, in particular, warrants closer attention. It’s possible that the company is investing heavily in growth, or that it’s experiencing temporary setbacks.

Registered in England/Wales under the registration number 03900828, with a registered address at UB4 0TH, England, Hayes, Middlesex, Safetech House, Springfield Road.

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