Smg Industries Ltd

SMG NDT Ltd, based in Shoreham-by-Sea, UK, is a small, active company established thirteen years ago. Employing just one person, it operates from a real registered address, though 438 other companies share the same space, suggesting a virtual address. Founded by Shane Gladman, the company is led by a single director and owner, Stokes Stephen Harry, and maintains a stellar 5.0 Google rating based on one review. It specializes in non-destructive testing equipment and consumables, importing these items irregularly, with the last import recorded in November 2023.

The company’s website, SMG NDT Ltd, showcases a wide range of products and services catering to sectors like oil & gas, renewable energy, and aviation. It offers ultrasonic, eddy current, magnetic particle, liquid penetrant, and radiographic inspection equipment, alongside bespoke equipment and reference standards. The site highlights a commitment to high-quality equipment and excellent customer service, even offering solutions for complex, customer-specific requirements. It's clear the company is focused on providing specialized equipment rather than generalist supplies.

Financially, SMG NDT Ltd presents a mixed picture. Cash reserves have dramatically increased by 980%, reaching £2,900, a positive sign. However, net assets decreased by 32%, settling at -£6,700, and trade debtors have risen by 37%, potentially indicating challenges in collecting payments. Bank borrowings remain steady, at £6,600 and £21,000 for current and non-financial instruments respectively. 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 decrease in equity is a concern. No auditor is mentioned, consistent with its status as a small company exempt from an audit.

Overall, SMG NDT Ltd seems to be navigating a period of change. While cash flow has improved, the decline in equity and rise in debtors suggest a need for careful financial management. The company’s focus on specialized equipment and strong customer service, however, positions it well to continue serving the non-destructive testing industry.

Registered in England/Wales under the registration number 07783004, with a registered address at BH15 2PW, United Kingdom, Poole, Dorset, Towngate House, 2-8 Parkstone Road.

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