Storage Vault Limited

Storage Vault Limited, based in Glasgow, UK, is a small, holding company with an active status. Established 22 years ago in 2003, it employs 22 people and holds assets valued at £380,827. The company operates from a real address and is overseen by three directors and two owners. It runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 67 reviews. Notably, it’s an irregular importer, with its last import activity recorded way back in February 2018.

The company’s website, Storage Vault, offers self-storage units across Scotland, with multiple locations listed. It caters to both personal and business storage needs, including document storage and even co-working spaces called "CoVault," which provide furnished offices and meeting rooms. The site emphasizes secure access, extended availability, and a wide range of unit sizes—from 10 to 200 square feet. It's clear Storage Vault is targeting a broad customer base seeking flexible storage solutions.

Financially, Storage Vault Limited presents a mixed picture. Current assets have decreased by 14% to £380,000, while net assets have significantly declined by 150% to £9,700. Bank borrowings have increased by a staggering 2,800% to £350,000, and cash reserves have fallen 190% to £29,000. Creditors have also decreased by 82%, which is a positive sign. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The substantial increase in bank borrowings alongside a decrease in cash reserves suggests the company may be investing in expansion or facing tighter margins. It's possible the CoVault workspaces are driving this investment, but the financial data indicates a need for careful management.

Registered in Scotland under the registration number SC243269, with a registered address at G2 4HG, Scotland, Glasgow, 194 Bath Street.

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