Sanitiser Solutions Limited

Sanitiser Solutions Ltd from Crossgar UK is a small, holding company with an active status. Founded five years ago, the company holds £43,695 in assets and operates an e-commerce site. It’s managed by two directors and has one owner, with a real registered address. However, accounts are overdue by three months, a potential red flag.

The company’s primary activity involves the manufacture of basic pharmaceutical products and retail sales via mail order and the internet. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company is owned by Rademon Estate Distillery Ltd, a larger entity, and employs two directors, Boydarmstrong Fiona Michelle and Boydarmstrong David. It was incorporated on March 25, 2020.

Looking at the financial data, things are a bit mixed. Accumulated amortisation and depreciation have increased, suggesting ongoing investment in assets. Cash bank on hand has plummeted by a significant 96%, leaving only £320 remaining. Debtors have risen substantially, by 20%, which could indicate delayed payments from customers. However, creditors have remained stable. Net assets are also unchanged. The company’s small size and lack of employees (zero reported) keep overhead low, but the decline in cash and increase in debt are concerning. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Sanitiser Solutions Ltd appears to be facing some financial challenges. While the e-commerce site suggests ongoing activity, the declining cash reserves and increasing debt raise questions about its long-term sustainability. The company’s dependence on Rademon Estate Distillery Ltd could be a strength or a weakness, depending on the distillery’s financial health.

Registered in Northern Ireland under the registration number NI668622, with a registered address at BT30 9HS, Northern Ireland, Crossgar, The Distillery Rademon Estate, Ballynahinch Road.

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