Service Contracts Ltd

Service Contracts Ltd, based in Nottingham, UK, is a small, active company established nineteen years ago. With six employees and £534,881 in assets, it operates from a real address and is overseen by two directors and two owners. The company is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import activity recorded two months ago in August 2024. It's a private limited company, and the accounts are unaudited.

The company’s website highlights its expertise in structural repairs and maintenance for commercial properties. It offers a comprehensive range of services, from groundwork to roofing, and caters to a wide range of clients, including household names like Tesco, DHL, and the NHS. The website showcases case studies demonstrating its work on projects like external wall insulation and balcony repairs, and emphasizes its ability to manage contracts efficiently. It's a commercial property contractor based in Leeds, offering planned, preventative, and reactive maintenance solutions.

Financially, Service Contracts Ltd presents a mixed picture. While current assets increased by a modest 9.6% to £530,000, net assets grew by just 5.5% to £390,000. Bank borrowings decreased by 44% to £12,000, and cash reserves declined by 37% to £220,000. Trade debtors, however, significantly increased by 130%, which could indicate challenges in collecting payments or a deliberate strategy to offer more credit to customers. The company meets the criteria for being a small company—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is therefore exempt from a full audit.

The decrease in average employees during the period, from six to four, is noticeable, and could be related to restructuring or a shift in operational strategy. The increase in creditors by 45% may also suggest increased short-term liabilities. Overall, Service Contracts Ltd appears to be navigating a period of change, balancing growth with financial pressures, and relying on its established reputation and wide range of services to maintain its position in the commercial property maintenance sector.

Registered in England/Wales under the registration number 05813915, with a registered address at NG11 7EP, Nottingham, 2 Wilford Business Park, Ruddington Lane.

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