Sts Manufacturing Limited

Sts Manufacturing Ltd from Lancaster UK: a small, active company founded 22 years ago, employs 34 people, and holds £612,014 in assets. It’s a family business with seven directors and three owners, operating from a real address. The company regularly imports glass and glassware (52 months) and exports vehicles, parts, and accessories (33 months).

The company operates in the other engineering activities industries. 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, and employees less than 50. The company’s website, stsmanufacturing.co.uk, showcases a range of engineering services, including fabrication, machining, and assembly. While there's no explicit e-commerce functionality, the site serves as a brochure, highlighting the company’s capabilities and client testimonials.

Financially, Sts Manufacturing Ltd shows some concerning trends. Accumulated depreciation impairment on plant machinery dropped by 47%, which is good, but the company’s bank borrowings increased by 46%, and bank overdrafts remained steady. Cash bank on hand, however, increased by a significant 85% to £46,000. Trade debtors decreased by 5.9%, suggesting improved collection efforts, but creditors also decreased by 46%, which could indicate a need to manage supplier relationships more carefully. The company's average number of employees decreased by 12%, which could be a sign of restructuring or reduced workload.

The company’s net assets, however, increased by 70% to £14,000, which is a positive sign. The company’s tax policy is to recognise current tax liability for the tax payable on the taxable profit of the current and past periods. The accounts are unaudited and prepared under FRS 102. While the company’s financial health isn’t dire, the increase in bank borrowings and decrease in employees warrants closer monitoring.

Registered in England/Wales under the registration number 04686406, with a registered address at LA1 5QP, Lancaster, Lancashire, Abbotts Way, Lune Business Park.

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