Summit Instruments Limited

Summit Instruments Limited, based in Birmingham, UK, is a small, active company with a history stretching back 48 years. Established in 1977, it employs just four people and holds £580,247 in assets. With four directors and one owner, the business operates from a real address and is a regular importer and exporter of optical and medical tools and devices, with 74 months of import activity and 5 months of export activity recorded.

The company’s core business appears to be the manufacture of taps and valves, operating within a specialized industrial sector. It’s a small entity, meeting two of the three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website is not available, making it difficult to ascertain if it operates an e-commerce platform.

Financially, Summit Instruments Limited shows a mixed picture. Cash bank on hand has increased by a substantial 39% to £330,000, a positive sign of improved liquidity. However, net assets have also increased by 22% to £430,000. Bank borrowings have decreased significantly, falling by 100% to zero, which is a good sign. Creditors have risen by 26% to £150,000, and trade debtors have decreased by 19%. The company’s average number of employees has increased by 25% to five.

The company’s financial data suggests a period of growth, but also potential challenges. While cash reserves are up, the increase in creditors could indicate a reliance on short-term financing. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, and the figures are unaudited. Overall, Summit Instruments Limited appears to be a stable, albeit small, business navigating the complexities of its industry.

Registered in England/Wales under the registration number 01293737, with a registered address at B11 2BA, Birmingham, 16 James Road, Tyseley.

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