Sos Industrial Ltd

Sos Industrial Ltd, based in North Tyneside, UK, is a small, active company founded six years ago. With ten employees and £749,279 in assets, it’s a modest operation boasting a perfect 5.0 Google rating from two reviews. The company has three directors and three owners, and its registered address is a real one, shared by only one other business. Sos Industrial is an irregular importer, primarily dealing in electrical machinery and equipment, with recent activity recorded just two months ago.

The company's website, sosindustrial.co.uk, positions itself as more than just a supplier, emphasizing bespoke solutions for customers. It highlights services like stores management, environmental impact reduction, cost savings, OEM part conversion, and reverse engineering. The site’s focus on these value-added services suggests a move beyond simple parts distribution, catering to businesses seeking comprehensive support. It's a WordPress site, which is fairly standard for small businesses these days.

Financially, Sos Industrial Ltd shows a mixed picture. Cash reserves increased significantly by 66%, reaching £310,000, a positive sign. However, net assets also rose by 60%, to £470,000, suggesting that while cash is up, so are liabilities. Creditors increased by 35%, reaching £460,000, which could be a concern. Trade debtors also rose by 25%, to £440,000, indicating potential issues with collecting payments. The number of employees reported has increased by 50%, to fifteen, which is a notable change. It’s a small company, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). There's no auditor mentioned, likely due to its small size and exemption from an audit. The company's unaudited accounts are based on director-reported data.

Overall, Sos Industrial Ltd appears to be growing, but it's important to monitor its increasing liabilities and debtor collection rates. The shift towards value-added services and a focus on customer solutions is a promising sign, but the company needs to manage its finances carefully to sustain its growth.

Registered in England/Wales under the registration number 11671200, with a registered address at NE29 7SN, United Kingdom, North Tyneside, Tyne And Wear, Unit 3, Mercury Court, Orion Business Centre, Tyne Tunnel Trading Estate.

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