Saturn Turbo Services Ltd

Saturn Turbo Services Ltd, based in Middlesbrough, UK, is a small, active company founded four years ago. With eight employees and £1,273,651 in assets, it operates from a real address within the Wilton International Site. The company has two directors and two owners, and is a regular importer of machinery, boilers, and mechanical appliances, with parts imported for seven months, the last operation occurring in December 2024.

The company’s website highlights its role as a "Rotating Equipment Partner," providing services and solutions to the power, oil & gas, and industrial markets. It offers a range of services, including project management, spare parts supply, workshop operations, and field service repairs. Saturn Turbo Services specializes in the inspection, maintenance, repair, commissioning, and troubleshooting of steam turbines and compressors, along with their auxiliary systems. The website also showcases a focus on bespoke solutions, quick response times, and lifecycle value for clients.

Financially, Saturn Turbo Services Ltd presents a mixed picture. While cash bank on hand has increased dramatically by 400% to £630,000, current assets have also seen a significant jump, rising by 94% to £1,300,000. However, net losses deepened, and bank borrowings surged, indicating a potential need for careful cash management. Property plant and equipment has also seen a significant increase, with motor vehicles rising by 67% and plant machinery by 39%. 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 flexibility, but the increase in borrowings suggests a need to monitor cash flow closely. The company’s unaudited accounts, prepared by Pollard & Co Accounting Services Ltd, do not mention an auditor, which is likely due to its status as a small company. The increase in taxation social security payable by 340% to £210,000 is a notable trend.

Registered in England/Wales under the registration number 13176533, with a registered address at TS10 4RG, England, Middlesbrough, North East Workshops, Wilton International Site.

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