Scotia Forecourt Services Limited

Scotia Forecourt Services Ltd, based in Forfar, UK, is a small, active company founded 16 years ago. Employing eight people and holding £232,312 in assets, it operates from a real address and is managed by three directors and two owners. The company irregularly imports optical and medical tools and devices (two months of activity) and exports machinery, boilers, and mechanical appliances (also two months). It's a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website highlights its core business: providing jetwash, vacuum, and airline equipment for forecourt environments. It’s a custom-designed, built-to-order service, with a focus on customer needs and the latest technology. Scotia Forecourt Services is run by owners John McLaren and Jim Dunlop, who boast over 30 years of industry experience. They pride themselves on a personal touch and aim to maximize site efficiency. The website even accepts PayPal payments.

Financially, Scotia Forecourt Services Ltd presents a mixed picture. Current assets have decreased by 7.2% to £230,000, while bank borrowings have increased by 9.3% to £80,000. Creditors have also decreased by 41.0% to £15,000. On the plus side, net assets increased by 4.9% to £240,000. The deferred tax liability has decreased by 43.0% to £-4,500. While the company’s small size allows for agility, the decrease in current assets and increase in bank borrowings suggest a need for careful cash flow management. The lack of an auditor (likely exempt as a small company) means the figures are unaudited. It’s a bit unclear if the company is burning through money, but the trends suggest a need to keep a close eye on expenses.

Registered in Scotland under the registration number SC357348, with a registered address at DD8 3JA, Scotland, Forfar, Queenswell Coachworks, Queenswell Road.

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