Sim Switchgear Limited

Sim Switchgear Ltd, based in Rochdale, UK, is a small holding company with an active status, having been founded 21 years ago in 2003. The company employs 13 people and holds assets worth £718,456. It operates from a real address and is overseen by five directors and one owner. Sim Switchgear is an irregular importer of optical and medical tools and devices (just one month of imports recorded in 2019) and a regular exporter of electrical machinery and equipment (four months of exports, last recorded in 2019).

The company specializes in electrical switchgear services, including design, maintenance, and repair. Its website highlights a team of electrical and mechanical engineers and consultants, focusing on protection and power solutions. Sim Switchgear offers a wide range of services, from general repairs and thermal imaging inspections to retrofitting solutions and protection relay testing. They work with various manufacturers, including ABB, Schneider Electric, and Siemens, and serve sectors like oil & gas, offshore, and commercial properties.

Financially, Sim Switchgear presents a mixed picture. Current assets increased by 29% to £720,000, while net assets decreased by 6.6% to £270,000. Creditors rose significantly by 54% to £470,000, and bank borrowings increased by 280% to £19,000. Trade debtors also increased by 19% to £510,000. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the rise in creditors and decrease in equity suggest potential financial pressures. The company is exempt from an audit as a small company, so the figures are unaudited.

It's interesting to note the increase in deferred tax liabilities, which could be a result of changes in tax legislation or accounting practices. The company’s focus on specialized services and its partnerships with major manufacturers indicate a strategic approach to the electrical engineering market, but the financial data suggest a need for careful management of costs and debt.

Registered in England/Wales under the registration number 04927796, with a registered address at OL16 1PX, England, Rochdale, Cloth Hall, 150 Drake Street.

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