Shield Safety Group Limited

Shield Safety Group Limited, based in Manchester, UK, is a sizable company with an active status. Established 21 years ago, in May 2003, it employs 108 people and boasts assets of £5,782,728. The company generated £9,728,541 in revenue last year, operating as a holding company. With three directors and one owner, and a respectable Google rating of 4.0 (based on nine reviews), Shield Safety Group is a significant player in its sector. Its registered address is real, with only two other companies registered at the same location. The company is an irregular importer, with its top import category being Electrical machinery and equipment, imported for one month. The last import operation was conducted on August 01, 2021.

The company operates in the other business support service activities n.e.c. industries. Its website is not available for review.

Financially, Shield Safety Group Limited shows some concerning trends. While revenue increased by 15%, net assets decreased by 14%, and bank borrowings increased by 11%. Creditors decreased by 11%. The company’s size (meeting two of three criteria for a large company) suggests it’s a substantial operation. Cash reserves fell by 13%. The company’s increased administrative expenses by 6% which could be a reason for the decrease in net assets. The audit firm, Hurst Accountants Limited, conducted the audit. The company’s declining cash reserves and rising bank borrowings, despite revenue growth, suggest it may be burning through cash to fuel expansion or facing increased operating costs. The decrease in net assets could be due to increased investments or write-downs of assets. The company’s reliance on external financing, as evidenced by the rising bank borrowings, could pose a risk if revenue growth slows down.

Registered in England/Wales under the registration number 04777870, with a registered address at M1 1FT, England, Manchester, 45/47 - 1st Floor Newton Street.

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