Scotmas Consumer Solutions Ltd

Scotmas Consumer Solutions Ltd from Kelso UK is a small holding company with an active status, founded six years ago in 2019. The company employs eleven people and holds £1,700,273 in assets. It has two directors and one owner, and operates from a real address shared by only one other company. Regular importer of plastics and plastic products (3 months imported) and a regular exporter of miscellaneous chemical products (43 months exported).

The company’s website, Scotmas, details a business focused on the manufacture of other chemical products. It seems to be a fairly traditional operation, with a focus on British craftsmanship and family ownership. The address is C/O Scotmas Ltd Solomon Way, Pinnaclehill Industrial Estate, Kelso.

Financially, the company shows some interesting trends. Cash reserves have plummeted by 90%, falling to just £4,200, while bank borrowings have increased significantly, reaching £8,900. Creditors have also risen considerably, increasing by 43%, and debtors have more than doubled. On the positive side, net assets have increased by 280%, reaching £540,000, and fixed assets have decreased by 28%. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the sharp decline in cash reserves is a concern.

It’s worth noting that the company’s deferred tax policy involves recognising deferred tax in respect of all timing differences that have originated but not reversed at the balance sheet date. The company operates a defined contribution pension scheme, and its financial statements are prepared in accordance with Financial Reporting Standard 102. The company is not required to obtain an audit.

Registered in Scotland under the registration number SC619155, with a registered address at TD5 8AU, Scotland, Kelso, C/O Scotmas Ltd Solomon Way, Pinnaclehill Industrial Estate.

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