Scg Industries Ltd

SCG Industries Ltd is a small, active company based in Sheffield, UK, founded four years ago. With two employees and £5,280 in assets, it operates as a family business with two directors and two owners. The company's registered address is real, with only one other company registered there. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The company operates in the retail sale via mail order houses or via internet industries.

However, a deeper look reveals SCG Industries Ltd is actually a subsidiary of SCG Remediation Services, a much larger environmental remediation firm based in Saint John, New Brunswick, Canada. SCG Remediation Services specializes in soil and groundwater remediation, offering services like in-situ soil remediation and customized water treatment systems. Their website showcases a wide range of technologies and applications across various industries, including industrial, wastewater, and groundwater treatment. They even manufacture, rent, and sell equipment related to remediation. The site's content focuses on technical solutions and case studies, highlighting their expertise in environmental cleanup.

Financially, SCG Industries Ltd shows a concerning trend. Current assets have fallen by 25% to £5,300, and net assets have plummeted 67% to just £140. Cash reserves are down 25% to £5,300, and bank borrowings have increased. Creditors have also decreased by 22%, and the company has a large increase from depreciation charge for property plant equipment. The company’s retained earnings and accumulated losses are significantly down. With no auditor mentioned, the figures rely on unaudited statements.

The sharp decline in equity, combined with the increased borrowings, suggests SCG Industries Ltd might be burning through cash. It’s possible the UK subsidiary is struggling to generate sufficient revenue to cover its expenses, or perhaps it’s being used to support the larger Canadian operation. It’s also possible that the company has been impacted by the economic climate.

Registered in England/Wales under the registration number 13157963, with a registered address at S13 8TG, England, Sheffield, 164 Richmond Road.

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