Snapfast Ltd

Snapfast Ltd from Gateshead UK: small company, active status, founded 6 years ago, 7 employees, £1,082,421 assets, real address, 2 directors, 2 owners. Regular importer of furniture, lighting, and prefabricated buildings (9 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of other machinery and equipment industries. Officially, it has two owners or PSCs, two directors, and seven employees.

The company’s website, Snapfast Adapt to Innovate, highlights a shift towards sustainable solutions. Founded over 40 years ago, Snapfast has adapted to changing markets, and today is focused on providing goods and services with a new mission: driving positive environmental change. It has partnered with green tech companies internationally to supply offgrid energy production, storage, and management, as well as EV charging and waste-to-energy power generation. The website showcases a range of energy-efficient LED lighting solutions and offgrid power generation systems, catering to industrial and commercial clients aiming to reduce their grid dependency. It also mentions a partnership with Grinergy to take next-generation battery technology into the UK and Europe. The website isn’s an e-commerce site; it’s more of a marketing and information hub, promoting the company’s expertise and partnerships.

Financially, Snapfast Ltd shows some concerning trends. While current assets remained stable at £1,100,000, cash reserves dropped by 27% to £330,000. Bank borrowings decreased, but trade debtors rose significantly by 24%, suggesting potential issues with customer payments. Equity increased by 30% to £630,000, which is good news, but the rise in debtors could be a cause for concern. Creditors also decreased, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the rise in debtors and decrease in cash reserves are worth monitoring. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Registered in England/Wales under the registration number 11948698, with a registered address at NE11 0EH, England, Gateshead, Tyne And Wear, Unit 1 Park Court Ninth Avenue, Team Valley Trading Estate.

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