Samtec (europe) Limited

Samtec Europe Ltd from Glasgow UK is a large, active company founded 39 years ago. Employing 26 people, it holds assets worth £11,550,000 and operates from a real address. The company is led by two directors and owned by a solo founder, Shine John Beck. It’s a regular importer of electrical machinery and equipment, having imported for 262 months, with the last import operation occurring in September 2020.

The company operates in the manufacture of electronic components industries. Samtec Europe Ltd is a substantial player, meeting two of the three criteria to be classified as large: turnover exceeding £36 million and a balance sheet total exceeding £18 million. Its website is not available for review.

Financially, Samtec Europe Ltd shows some interesting trends. Cash bank on hand has increased by a significant 36% to £7,600,000, which is a positive sign. However, administrative expenses have risen by 34% to £2,000,000, and net profit has fallen by 86% to £140,000. Debtor’s have decreased by 42%, which could be a good thing, but also suggests a slowdown in sales. The company’s bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. The auditors, Azets Audit Services, have noted the company's compliance with FRS 102. It's likely that the increase in administrative expenses is due to inflationary pressures, and the decrease in profits could be a result of increased competition or changing market conditions. The company's strong asset base and increased cash reserves should help it weather these challenges.

Registered in Scotland under the registration number SC096674, with a registered address at G68 9HP, Glasgow, 11 Mollins Court, Westfield Industrial Estate, Cumbernauld.

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