Security Solutions (northern) Ltd

Security Solutions (Northern) Ltd, based in Bolton, UK, is a small, active company established 21 years ago. With 38 employees and £2,256,979 in assets, it operates from a real address and is overseen by two directors and one owner. The company is a regular exporter of machinery, boilers, and mechanical appliances, with ten months of export activity recorded, the last in September 2024. It also imports these items irregularly, with just one month of import activity noted, the last in March 2023.

The company’s website showcases a range of physical security solutions, including turnstiles, security gates, bollards, and road blockers, catering to sectors like schools, airports, and construction sites. It offers manufacturing, supply, installation, and maintenance services, emphasizing a "one-stop shop" approach for security needs. The website even boasts a section on crash-tested road blockers, highlighting a focus on high-security applications.

Financially, Security Solutions (Northern) Ltd shows some concerning trends. Current assets decreased by 12% to £2,300,000, while net assets remained steady at £1,200,000. Trade debtors fell by 33%, suggesting improved collection rates, but cash reserves also decreased by 14% to £1,100,000. Bank borrowings, however, have significantly reduced by 44%, reaching £35,000, which could be a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in current assets warrants further investigation. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Security Solutions (Northern) Ltd seems to be navigating a period of change. While it maintains a strong presence in the physical security market, its financial performance indicates a need for careful management and a focus on improving liquidity.

Registered in England/Wales under the registration number 04851801, with a registered address at BL1 8TU, Bolton, Lancashire, 7 Riverside, Waters Meeting Road.

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