Securafence Manufacturing Limited

Securafence Manufacturing Ltd from Leytonstone UK is a large holding company with an active status, founded five years ago. The company employs 70 people and holds just £1 in assets, operating from a virtual address. It’s managed by three directors and one owner, currently holding a Google rating of 3.0 based on two reviews. Securafence is a regular importer and exporter of iron or steel products, with 36 months of import activity and 22 months of export activity.

The company operates in the non-specialised wholesale trade industries and is a holding company. It’s considered a large company, meeting two of three conditions: turnover exceeding £36 million, a balance sheet total over £18 million, and having more than 250 employees. The registered address, shared by 203 other companies, is likely a virtual address.

While the company’s website is not available for review, financial data reveals a concerning trend. Administrative expenses remained constant at £53,000, while staff costs remained at £3.6 million. However, the average number of employees reported dramatically decreased from 70 to just 3. This is a significant drop, and it’s likely that the company is facing challenges in maintaining its workforce. Turnover remained steady at £29 million, but net assets plummeted to just £1, indicating a substantial loss of equity. Bank borrowings increased, and cash reserves fell sharply. The company’s turnover is reported as £29 million, and it is currently losing money.

The company's auditor is Barnes Roffe LLP. The company is exempt from having its financial statements audited. The financial data suggests the company is struggling to maintain profitability, despite consistent turnover. The sharp decrease in employees, combined with the loss of equity, is a cause for concern. It's possible that the company is undergoing restructuring or facing increased competition, but the long-term viability remains uncertain.

Registered in England/Wales under the registration number 12461199, with a registered address at E11 1GA, England, Leytonstone, London, Leytonstone House, 3 Hanbury Drive.

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