Smart Auto Gate Ltd

Smart Auto Gate Ltd is a small, active company based in London, UK, founded five years ago in September 2019. The company operates in the electrical installation industries and has a real registered address, although thirty-one other companies share this address, suggesting a virtual address. It’s run by one director and owner, Shakeri Sara, and employs a small team – just two people reported during the last period. The company is a regular importer, with its top import category being Electrical machinery and equipment, totaling three months of imports, the last operation conducted on April 01, 2024.

The company’s website, while not fully developed, indicates a focus on automated gate systems and related services. It seems to be primarily a B2B operation, targeting contractors and developers rather than direct consumers. There is no obvious e-commerce functionality, suggesting the company operates through direct sales and project-based installations. It’s not clear if the company has a physical showroom or workshop, but its online presence points towards a professional service provider.

Financially, Smart Auto Gate Ltd is showing some concerning trends. While bank overdrafts decreased slightly by 9.9%, cash reserves remained stagnant at £1,800. Creditors decreased by 6.8%, which is a positive sign, but net assets and liabilities both plummeted by 7.1%, resulting in a negative equity position of -£38,000. Other creditors increased significantly by 130%, which could indicate rising operational costs or extended payment terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the declining equity position warrants closer attention. The accounts are described as "filleted," meaning they are unaudited and rely on director-reported data, and were produced using VT Final Accounts software. No auditor is mentioned.

Overall, Smart Auto Gate Ltd is navigating a challenging financial landscape. While its core business of electrical installations appears to be ongoing, the company needs to address its negative equity and rising costs to ensure long-term sustainability.

Registered in England/Wales under the registration number 12218372, with a registered address at N20 9AE, England, London, Prospect House, 2 Athenaeum Road.

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