Scotech Welding Supplies Limited

Scotech Welding Supplies Ltd from Motherwell, UK, is a small, active company founded 28 years ago. With seven employees and £589,381 in assets, it’s a well-established player in the welding supply sector. The company boasts a 4.0 Google rating based on nine reviews and has three directors and two owners. It's a regular importer of machinery, boilers, and mechanical appliances, with a consistent stream of imports over the last ten months.

Scotech Welding Supplies operates primarily as a supplier of welding equipment and accessories, as evidenced by its website. The site showcases a wide range of products, including air compressors, MIG welding equipment, plasma cutters, and wire feeders. It seems to focus on selling new equipment rather than offering repair services. The site's layout is clean and easy to navigate, with clear product categories and a "Shop" section. While it doesn's appear to be a fully-fledged e-commerce platform with a shopping cart, it does direct customers to its product offerings.

Financially, Scotech Welding Supplies shows a mixed picture. Current assets increased by 6.4% to £590,000, which is good. However, net assets decreased by 8.9% to £15,000, and bank borrowings rose by 24%, reaching £29,000. Cash reserves fell by 23% to £220,000. Creditors also increased by 6.3% to £580,000. The company's small size—meeting two of three conditions for being considered small—allows for flexibility, but the decline in equity is something to keep an eye on. No auditor is mentioned, likely due to its small size, so the figures are unaudited.

Overall, Scotech Welding Supplies appears to be a stable, though perhaps slightly stretched, business. It’s a long-standing supplier with a good reputation, but the financial data suggests it’s facing some pressures. The company’s ability to maintain its strong customer base and manage its debt will be key to its future success.

Registered in Scotland under the registration number SC173249, with a registered address at ML1 3DG, Motherwell, Lanarkshire, Stanley House, 69-71,, Hamilton Road.

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