Scot Foam Ltd

Scot Foam Ltd, based in Dundee, UK, is a small, active company founded eight years ago. With just two employees and £115,231 in assets, it operates from a virtual address—a detail flagged by the fact that 355 companies are registered at the same location. The company has a 5.0 Google rating based on 25 reviews, showcasing strong customer satisfaction. It’s run by one director and two owners, though it's worth noting that only owners with over 25% shares are listed, so the actual ownership structure could be more complex.

Scot Foam Ltd specializes in insulation contracting, primarily focusing on spray foam and mineral wool cavity wall insulation. Its website highlights key benefits like reduced energy bills, fire protection, and faster installation times compared to traditional methods. It caters to residential, commercial, and industrial clients, and even has a blog with helpful tips on insulation. The company’s website also mentions funding opportunities and a commitment to environmental responsibility.

Financially, Scot Foam Ltd's report reveals some concerning trends. While current assets increased by a significant 96% to £120,000, net assets have seen a dramatic surge, jumping 2700% to £4,400. Bank borrowings decreased by 14%, settling at £35,000, and cash reserves have plummeted by 98%, leaving just £65. Creditors have increased substantially, rising 120% to £150,000. The company’s employee count has also decreased by 50%, now standing at just one person. The company is exempt from an audit, relying on unaudited statements.

These figures suggest the company is burning through cash rapidly, despite increased assets. The sharp rise in creditors, combined with the dwindling cash reserves, indicates potential liquidity issues. It’s possible the company is investing heavily in growth, but the lack of retained earnings raises concerns about its long-term financial stability. The decrease in employees could be due to restructuring or a temporary slowdown in operations.

Registered in Scotland under the registration number SC558585, with a registered address at DD5 1HH, Scotland, Dundee, 58 Long Lane, Broughty Ferry.

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