Select Commissioning Ltd

Select Commissioning Ltd from London UK: a small, active company founded eight years ago, employs ten people, and holds £389,503 in assets. Operating from a virtual address, it’s a solo founder-led business with one director and owner. The company regularly imports machinery, boilers, and mechanical appliances – parts, with recent activity recorded just three months ago. 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 company’s website details its services, which include water treatment, mechanical services, and consultancy, with a focus on VDI 2035 standards. It also highlights a separate venture, 1066 Pianos, a piano restoration business based in Cambridge with a showroom in Harrods. This suggests a diversified portfolio, although the connection between the two businesses isn't immediately clear. The company’s registered address is N21 3NA, United Kingdom, London, 1 Kings Avenue.

Financially, Select Commissioning Ltd presents a mixed picture. Current assets decreased by 2.3% to £390,000, while net assets increased by 22% to £180,000. Bank borrowings declined by 28% to £23,000, and cash reserves fell by 7.6% to £29,000. Trade debtors increased by 4.4% to £360,000, while creditors decreased by 5.3% to £290,000. The company’s net losses deepened from -£10,000 to -£23,000. The company’s average number of employees during the period decreased by 30% to 7. There was no auditor mentioned, likely exempt as a small company.

Overall, Select Commissioning Ltd seems to be navigating a period of change. While its assets and equity have improved, the increase in trade debtors and deepening losses suggest potential cash flow challenges. The dual business model – encompassing both mechanical services and piano restoration – could offer diversification, but also adds complexity.

Registered in England/Wales under the registration number 10526502, with a registered address at N21 3NA, United Kingdom, London, 1 Kings Avenue.

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