Securefast Limited

Securefast Ltd from Sheffield UK: a large company, holding company, active status, founded 35 years ago, employing 23 people, holding £18,000 in assets, with a real address, overseen by five directors and one owner, boasts a stellar Google rating of 5.0 based on two reviews. They regularly import miscellaneous metal items (76 months) and export them too (13 months).

The company operates as a holding company, with its core business involved in the wholesale of other intermediate products. It’s a large company, having met two of three conditions: turnover exceeding £36 million, a balance sheet total above £18 million, and more than 250 employees. While the company has a good reputation, it's worth noting that the list of owners was changed three years ago and is not exhaustive.

A look at the company’s financials reveals a concerning trend. Current assets have fallen dramatically, dropping 99% to just £18,000. Bank borrowings have also increased significantly, jumping 99% to £3,000. While creditors have decreased, the sharp decline in assets and the rise in borrowings suggest the company might be burning through cash. The company's trade debtors have also plummeted, indicating a potential issue with customer payments. It's a bit of a surprise to see such a large drop in assets, especially given the company’s ongoing import and export activity.

Despite these challenges, Securefast Ltd maintains a positive Google rating, indicating good customer service. The company's auditor, Hart Shaw LLP, hasn't reported any issues, but the unaudited financial data warrants further scrutiny. The company’s financial position appears to be in a state of flux, and its ability to sustain its operations in the long term remains to be seen.

Registered in England/Wales under the registration number 02397020, with a registered address at S9 3WD, England, Sheffield, C/O Osl Cutting Technologies Ltd, Burgess Road.

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