Uist Asco Ltd

Uist Asco Ltd from Glasgow UK: a small, active company founded twelve years ago, employs twenty-six people, and holds £1,888,459 in assets. With three directors and two owners, it maintains a solid 4.0 Google rating based on three reviews. The company regularly imports machinery, boilers, and mechanical appliances (parts for five months), and exports oil seeds and fruits used for oil (nine months).

The business operates within the "other business support service activities n.e.c." industries, and is a private limited company registered in Scotland. Its registered address is at C/O Addleshaw Goddard, Cornerstone, 107, West Regent Street, Glasgow, and only one other company is registered there, suggesting a real address. The company's accounts are audited, and it complies with the small companies regime.

While primarily an importer and exporter, Uist Asco Ltd also appears to have a connection to Acadian Seaplants Limited, a Canadian company. The company’s website is not available, making it difficult to assess its e-commerce presence.

Financially, Uist Asco Ltd presents a mixed picture. Current assets have decreased by 9.3% to £1,900,000, while net assets have fallen by 21% to -£390,000. Bank borrowings have increased significantly, reaching £6,500,000, and cash reserves have plummeted 73% to £140,000. Creditors have also risen, reaching £7,200,000, and trade debtors have fallen by 43% to £320,000. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The auditor is Johnston Carmichael LLP.

The company’s financial losses deepened, and bank borrowings increased substantially, which could indicate it's burning through money. However, the decrease in trade debtors suggests improved debt management, and the audited accounts provide a degree of reliability. The connection to a larger Canadian entity could provide stability, but the company’s future hinges on its ability to navigate these financial pressures.

Registered in Scotland under the registration number SC426050, with a registered address at G2 2BA, Scotland, Glasgow, C/O Addleshaw Goddard, Cornerstone, 107, West Regent Street.

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