Sts Motors Limited

Sts Motors Ltd from Dudley UK: a small, active company founded nine years ago, employs thirteen people, and holds £529,836 in assets. It operates from a virtual address, is managed by three directors, and is owned by a solo founder. The company regularly imports and exports electrical machinery and equipment, with six months of import activity and twenty-seven months of export activity.

The company's website is unavailable, making it difficult to determine if it operates an e-commerce site. However, the company description suggests it operates in the manufacture of electric motors, generators, and transformers.

Financially, Sts Motors Ltd presents a mixed picture. While net assets grew by a significant 40%, reaching £490,000, current assets declined by 2%, settling at £530,000. Bank borrowings decreased by 50%, falling to £19,000, but cash reserves also dropped by 44%, ending at £190,000. Creditors increased by 36%, reaching £360,000, and trade debtors surged by 99%, suggesting a potential issue with customer payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The unaudited financial statements, prepared by Cox & Co Limited, don’t mention an auditor. The increase in intangible assets, from £15,000 to £190,000, could reflect investment in new technologies or intellectual property, but the decrease in cash reserves warrants further investigation. The company’s reliance on a virtual address, shared by forty-one other companies, is also a potential red flag.

Registered in England/Wales under the registration number 09864860, with a registered address at DY5 1XF, England, Dudley, West Midlands, 3 Hagley Court North, The Waterfront.

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