Sharp Systems Limited

Sharp Systems Ltd, based in Kings Lynn, UK, is a small, active company established 25 years ago. With 40 employees and £1,540,587 in assets, it operates from a real address and is overseen by six directors and one owner. The company is a regular importer of machinery, boilers, and mechanical appliances, with parts imported for the last six months. 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.

Sharp Systems specializes in the manufacture of machinery for food, beverage, and tobacco processing industries. Its website showcases a wide range of products, including spiral conveyors, tippers, and vibratory conveyors, and offers bespoke processing and handling systems. The company's sales team is always on hand to offer assistance, and its website highlights a four-step process: consultation, design, build, and install.

Financially, Sharp Systems Ltd shows a mixed picture. Current assets have increased by a substantial 110%, reaching £1,500,000, while net assets remain steady at £900,000. However, net current assets have fallen dramatically, dropping 240% to -£58,000. Bank borrowings have increased by 20%, reaching £11,000, and creditors have surged 130%, hitting £1,600,000. Cash reserves have more than tripled, climbing 230% to £370,000. Trade debtors have also increased significantly, jumping 90% to £1,200,000. It's worth noting that the company is exempt from an audit as a small company.

The increase in both debtors and creditors suggests the company may be experiencing cash flow challenges despite the healthy asset base. The surge in cash reserves is a positive sign, but the negative net current assets are a concern. The company’s focus on bespoke manufacturing and its strong presence in the food processing sector could be a buffer against broader economic pressures, but it will need to manage its working capital effectively to maintain its financial health.

Registered in England/Wales under the registration number 03885810, with a registered address at PE30 2ND, Industrial E, Kings Lynn, Norfolk, Hamburg Way, North Lynn.

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