Salgo Solution Ltd

Salgo Solution Ltd from Tunbridge Wells UK: a small, active company founded two years ago, holds just £493 in assets, and operates with a single director and owner – a solo founder. It’s a relatively new player in the market, importing machinery, boilers, and mechanical appliances parts irregularly, with its last import operation occurring one month ago. The company is registered at a real address, shared by only one other business.

The business operates in the manufacture of lifting and handling equipment, and agents involved in the sale of fuels, ores, metals and industrial chemicals. Its website, SalgoSolution, showcases a range of products awaiting information and a gallery yet to be populated. It emphasizes delivering supreme quality for unique engineering designs, offering contact details via email and phone. The site uses Google Sites and informs visitors about cookie usage.

Financially, Salgo Solution Ltd presents a concerning picture. Net assets and liabilities both sit at a negative £5,300, and cash reserves are a meager £490. Creditors remain steady at £5,800, while equity is also negative at -£6,300. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant negative equity and low cash reserves suggest a business struggling to stay afloat. No auditor is mentioned, likely due to its small size, meaning the financial statements are unaudited. The company’s revenue recognition policy involves measuring turnover at the fair value of consideration received, net of discounts and VAT.

The lack of employees (zero reported) suggests a lean operation, but the negative financial trends raise questions about its long-term viability. Whether the company can turn things around remains to be seen, but for now, Salgo Solution Ltd faces a challenging road ahead.

Registered in England/Wales under the registration number 14514203, with a registered address at TN2 3GG, England, Tunbridge Wells, 90 Addison Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.