Safetrade 247 Limited

Safetrade 247 Ltd, based in Inverurie, UK, is a small, active family business established fourteen years ago. With five employees and £832,441 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports furniture, lighting, and prefabricated buildings – a trend spanning 22 months, with the most recent import occurring in October 2024. Simultaneously, it exports machinery, boilers, and mechanical appliances, a pattern observed over five months, with the last export also in October 2024.

The company’s website is non-existent, making it impossible to assess its e-commerce presence or specific online activities. It appears to operate primarily as an agent involved in the sale of a variety of goods.

Financially, Safetrade 247 Ltd presents a mixed picture. Cash bank on hand has significantly decreased by 69%, dropping to £39,000. Creditors have risen substantially by 78%, reaching £520,000, while current assets have increased by a notable 110%, now at £830,000. Equity has also seen a significant boost, increasing by 170% to £330,000. However, the increase in creditors alongside a decrease in cash reserves could indicate a reliance on short-term financing. The company meets the criteria for a small business – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees – which allows it to benefit from simplified reporting requirements. The accounts are unaudited, and no auditor is mentioned.

Despite the increase in assets, the company's financial health warrants careful monitoring. The rise in creditors suggests a need to manage short-term liabilities effectively, and the decrease in cash reserves could be a cause for concern. The company’s ability to maintain its import and export activities will depend on its ability to manage its finances prudently.

Registered in Scotland under the registration number SC392297, with a registered address at AB51 5PD, Scotland, Inverurie, Aquithie Road Aquithie Road, Kemnay.

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