Standardair Limited

Standardair Ltd, based in High Wycombe, UK, is a small, active company established 29 years ago. With three employees and £322,968 in assets, it operates from a real address and is overseen by three directors and one owner. The company regularly imports and exports machinery, boilers, and mechanical appliances, with a history of 38 months of imports and 74 months of exports.

The company functions as agents specializing in the sale of other particular products industries. It’s a small business, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website is not available for review.

Financially, Standardair Ltd’s performance presents a mixed picture. Accumulated depreciation on furniture and fittings increased by a modest 0.74%, while motor vehicle depreciation saw a more noticeable rise of 10.0%. Plant and machinery depreciation also increased slightly, by 0.45%. Cash bank on hand experienced a substantial jump of 120%, reaching £50,000, which is a positive sign. However, corporation tax payable surged dramatically, increasing by 9,400%, reaching £6,600. Trade debtors ballooned by 240%, reaching £130,000, which could indicate difficulties in collecting payments. Equity decreased by 30%, dropping to £60,000, and future minimum lease payments decreased by 24%. Creditors increased by 20%, reaching £270,000.

The company’s unaudited financial statements, prepared by Glazers, show a significant turnaround in profitability, with net losses transforming into a profit of £28,000 – a 150% improvement. This suggests a period of increased efficiency or higher sales. The company’s small size and agile structure likely contribute to its ability to adapt to market changes. The significant increase in corporation tax payable, however, warrants further investigation.

Registered in England/Wales under the registration number 03181699, with a registered address at HP13 5SH, England, High Wycombe, Bucks, Lower Floor,Lower Building Lisle Road, Hughenden Avenue.

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