Scotweigh Ltd.

Scotweigh Ltd from Falkirk UK: small company, active status, founded 10 years ago, 10 employees, £368,791 assets, virtual address, 2 directors, 1 owner. Irregular importer of electrical machinery and equipment (1 months imported). 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, employees less than 50. The last reported current assets is £368,791.

Scotweigh Ltd is a private limited company registered in Scotland with a long history in the weighing scales industry. Founded in 1985, the company has grown into a leading independent weighing scales provider in Scotland, serving customers throughout the UK. Its website, Scotweigh Weighing Systems, highlights its retail and industrial services, including sales, repairs, servicing, and custom weighing system design. They even write their own software, catering to clients rather than relying on generic solutions. The company supplies brand new scales and medical equipment, and prides itself on its team of trained engineers. The address, 2 Melville Street, is likely a virtual address as twenty-three companies are registered there.

Financially, Scotweigh Ltd shows some concerning trends. Cash bank on hand has decreased by 18% to £210,000, and total assets less current liabilities have increased by 4.8% to £240,000. Creditors have fallen by 14% to £190,000, which is a positive sign, but the decrease in cash reserves suggests the company may be relying more on borrowing. The increase in other taxation and social security payable by 22% to £43,000 also warrants attention. The company’s small size helps it remain agile, but the decline in cash reserves could indicate a need to manage expenses more carefully. With no auditor mentioned, the financial statements are unaudited, meaning they haven't been independently verified. The company's reliance on bank borrowings, which increased significantly, is something to keep an eye on.

Registered in Scotland under the registration number SC482316, with a registered address at FK1 1HZ, Falkirk, Stirlingshire, 2 Melville Street.

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