Saucer Solutions Ltd

Saucer Solutions Ltd from Glasgow, UK, is a small, active company founded fifteen years ago in 2009. Employing twenty-eight people and holding assets of £1,212,722, it operates from a real address on Dykehead Street, Queenslie Industrial Estate. The company is led by one director and one owner, and currently enjoys a perfect 5.0 Google rating based on a single review. It’s an irregular importer, specializing in machinery, boilers, and mechanical appliances – its last import operation was made in February 2023.

The company operates in the agents involved in the sale of timber and building materials industries. Its website is currently unavailable, so it’s difficult to determine if it operates an e-commerce platform.

Financially, Saucer Solutions Ltd presents a mixed picture. While its net assets have increased by a significant 71%, reaching £550,000, other key indicators show signs of stress. Current assets have decreased by 12%, dropping to £1,200,000, and net losses have deepened by 74%, hitting £120,000. Bank borrowings have also decreased by 52%, settling at £32,000, and cash reserves have fallen by 13%, reaching £250,000. The company’s small size (meeting two of three conditions for being considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for agility, but the drop in profits and cash reserves warrants attention. The company is exempt from an audit as a small company.

The surge in dividends paid, dropping from £240,000 to £120,000, suggests a possible shift in capital allocation. The decrease in average employees reported, falling by 32%, may indicate restructuring or a change in operational strategy. While the company’s Google rating is excellent, the financial data suggests it's facing some challenges.

Registered in Scotland under the registration number SC369084, with a registered address at G33 4AQ, Scotland, Glasgow, 61 Dykehead Street, Queenslie Industrial Estate.

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