Traks Limited

Traks Limited, based in Bilston, UK, is a small, active company founded 27 years ago. With three employees and £204,766 in assets, it operates from a real address and is managed by two directors—though there are no reported owners. The company regularly imports machinery, boilers, and mechanical appliances, with parts being imported for the last 18 months.

The company’s website reveals a fascinating connection to NIBE Element Railway Heating Solutions, a North American entity specializing in advanced rail heating technology. NIBE focuses on providing heating solutions for rail switches, utilizing sensors and predictive services to control heat and provide remote monitoring, aiming to avoid shutdowns and delays. They offer automated heating cable and third rail heating systems, targeting efficiency and reliability in rail operations. The website highlights a focus on reducing energy costs and providing solutions for railway heating systems.

Financially, Traks Limited shows a mixed picture. Current assets decreased slightly to £200,000, while net assets increased significantly to £110,000—a positive trend. Cash reserves jumped a remarkable 220% to £110,000, indicating improved liquidity. However, bank borrowings also increased, although at a smaller rate. Creditors decreased, suggesting better debt management, and trade debtors decreased significantly. The company's small size—meeting two of three criteria for a small company—allows for agility, but the changes in borrowing and debt management warrant closer attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Traks Limited appears to be navigating a period of change. The strong cash position is encouraging, but the increased borrowing suggests a need for careful financial planning. The connection to NIBE Element Railway Heating Solutions hints at potential growth opportunities, but also increased complexity.

Registered in England/Wales under the registration number 03437377, with a registered address at WV14 0QT, England, Bilston, West Midlands, Unit 36 Spring Vale Industrial Estate, Union Street.

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