System 3 Limited

System 3 Limited is a large, holding company based in Manchester, UK, with an active status. Founded nine years ago in October 2015, the company employs 268 people and holds assets valued at £10,449,837. It operates from a real address and is overseen by three directors and one owner. The company is a regular importer of glass and glassware, having imported for 30 months, with the latest import occurring in January 2025.

The company's website, System 3 Orders, features a login section and a password recovery link, suggesting a focus on online sales and order management. It’s not clear if the site is fully e-commerce or primarily serves as a portal for existing clients.

Financially, System 3 Limited’s performance shows mixed trends. While current assets increased by 18% to £10 million, net assets jumped a significant 28% to £12 million. However, cash bank on hand plummeted 59% to £1.5 million, a considerable drop. Bank borrowings surged 200% to £100,000, and interest payable increased by 200% to £280,000. Creditors also increased by 13% to £6 million. Despite these challenges, the company’s turnover remained relatively stable, decreasing just 4% to £16 million. The company’s staff costs increased by 9% to £8.7 million, and director remuneration rose by 50% to £30,000. The company’s tax expense credit decreased by 80% to £230,000. The accounts were audited by Azets Audit Services.

The company’s increased debt and decreased cash reserves could indicate a period of investment or expansion, although the significant drop in cash is concerning. The company's substantial assets and large workforce suggest a stable foundation, but the financial data warrants close monitoring.

Registered in England/Wales under the registration number 09844806, with a registered address at M34 2SY, United Kingdom, Manchester, Denton Hall Farm Road, Denton.

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