Safetest Ltd

Safetest Ltd from Bournemouth UK: a small, active company founded 22 years ago, employs 19 people, and holds £637,655 in assets. With four directors and three owners, it operates from a real address and has been importing electrical machinery and equipment for 16 months, and exporting for 6 months. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website, safetestltd.co.uk, describes Safetest Ltd as a specialist in the manufacture of electronic components, telegraph and telephone apparatus, and other engineering activities. While the website itself is basic, it does mention a focus on quality and customer service. It's not clear if the company operates an e-commerce site or primarily serves business-to-business clients.

Financially, Safetest Ltd shows a mixed picture. Current assets have decreased by 15% to £640,000, while net assets have also fallen by 1.9% to £410,000. Bank borrowings have increased by 450% to £29,000, and cash reserves have fallen by 55% to £250,000. Creditors have also decreased by 11% to £100,000. The company's small size helps it stay nimble, but the decline in cash reserves and increase in borrowings raise questions about its financial health. The lack of an auditor mentioned suggests it’s exempt as a small company, and the figures are unaudited. It's a bit concerning that the company’s debts are increasing, but it’s likely that this is a temporary situation.

Registered in England/Wales under the registration number 04689754, with a registered address at BH11 8LL, Bournemouth, Dorset, Unit 26 Drewitt Industrial Estate, Ringwood Road.

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