Shetland Control Systems Limited

Shetland Control Systems Ltd from Shetland, UK, is a small, active company founded 18 years ago. With nine employees and £627,686 in assets, it’s a family business operating from a real address. Two directors and two owners manage the company, which has a Google rating of 3.0 based on just one review. It’s an irregular importer, primarily dealing with iron or steel products, with its last import operation occurring one month ago in June 2022.

The company's website, infoshetlandcontrols.com, is currently undergoing updates, with a message indicating a new site will be live soon. Visitors are directed to a contact form or phone number (01595 694680) for inquiries. The site confirms the company's registration in Scotland and provides its address.

Financially, Shetland Control Systems Ltd presents a mixed picture. While cash reserves increased by 5%, bank borrowings decreased by 31%, and net assets grew by 13%, other areas show concern. Current assets rose by 12%, but trade debtors increased significantly by 51%, suggesting potential payment delays. Creditors also decreased by 14%, which is a positive sign. Depreciation charges remained consistent, and the company’s small size (meeting two of three conditions for a small company) helps maintain agility. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, Shetland Control Systems Ltd appears to be navigating a period of change. While its cash position is healthy, the rise in trade debtors warrants attention. The ongoing website update suggests a focus on modernizing its online presence, and the family-run nature of the business likely contributes to its resilience.

Registered in Scotland under the registration number SC306665, with a registered address at ZE2 9SF, Shetland, Lotrabrekk Houster, Tingwall.

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