Skl Converting Limited

Skl Converting Ltd from Basingstoke UK: a small, active company established 11 years ago, employs a single person, and holds £247,782 in assets. It's led by one director and owner, operating from a real address. The company sporadically imports electrical machinery and equipment (last activity in 2022) and exports basic metal tools and utensils (last activity in 2020).

The company’s website, SKL Converting, focuses on converting machinery, particularly for stretch film processing and hole punching. It positions itself as a world leader in these areas, offering a range of equipment including hole punching machines, rewinding machines, and agricultural punching products. The site details various hole types (nano, micro, marco, shapes, slits, scoring) and printing machines, alongside spare parts and consumables. SKL caters to industrial, agricultural, and food sectors, emphasizing mechanical solutions and laser/microperforation systems.

Financially, Skl Converting Ltd shows some concerning trends. Cash bank holdings have decreased by 23%, falling to £220,000, while current assets have also dropped by 23%, settling at £250,000. Equity has taken a significant hit, declining by 23% to £200,000. Interestingly, creditors have decreased by 25%, which could indicate improved debt management. Trade debtors have also fallen by 21%. The company’s small size—meeting two of three criteria for being small—helps with agility, but the equity decline and reduced cash reserves are worth noting. There’s no mention of an auditor, likely due to its status as a small company.

While the company’s website suggests a specialized and potentially thriving business, the financial data paints a picture of a company burning through money. The decrease in cash and equity, coupled with increased bank borrowings, suggests a need for careful financial planning. It’s possible that the company’s irregular import and export activity is contributing to these challenges, or that it’s simply a consequence of investing in growth.

Registered in England/Wales under the registration number 08831715, with a registered address at RG23 8PE, Basingstoke, Hampshire, South Building, Upper Farm, Wootton St. Lawrence.

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