Summit Systems Limited

Summit Systems Ltd, based in Tamworth, UK, is a medium-sized company with a 35-year history, currently employing 67 people. The company boasts £8,190,528 in assets and generates £16,959,218 in yearly revenue. It operates from a real address and is overseen by seven directors and four owners. Summit Systems is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with 359 months of import activity and 50 months of export activity recorded.

The company positions itself as a leader in plastics ancillary equipment services and process cooling, offering solutions from automation to dynamic material handling. Its website highlights a focus on innovation, expertise, and customer satisfaction, showcasing case studies and testimonials from satisfied clients. The company also provides spare parts and refurbishment services, catering to a wide range of industries. Recent news items on the website detail partnerships with Carclo and Amtek, demonstrating the company’s ability to deliver tangible results for its clients.

A review of Summit Systems’ financial data reveals some interesting trends. Accrued liabilities decreased by 6.9%, while accumulated depreciation on furniture fittings increased by 4.8%. The company’s administrative expenses rose by 5.5%, and payments to directors decreased significantly. Cash and bank balances saw a substantial increase of 60%, a positive sign. However, the company’s turnover decreased by 6.3%, and net assets declined by 11%. The decrease in turnover could be due to a variety of factors, such as changing market conditions or increased competition.

Despite these challenges, Summit Systems appears to be financially stable, with a strong asset base and a healthy cash position. The company’s focus on innovation and customer service, combined with its established reputation in the industry, should help it navigate these pressures. The company’s auditor is Magma Audit LLP (part of the Dains Group). While the company’s small size exempts it from a full audit, the figures are still a good indication of its overall health.

Registered in England/Wales under the registration number 02489937, with a registered address at B77 5DY, Tamworth, Staffordshire, Unit F Tame Park, Vanguard Wilnecote.

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