Utileyes Ltd

Utileyes Ltd, based in Chobham, UK, is a small, active company founded eight years ago in 2016. With a single employee and £56,537 in assets, it operates from a real address and is managed by two directors and two owners. The company is an irregular importer, specializing in electrical machinery and equipment, with just one month of import activity recorded as of March 2021.

The company's website, Utileyes Ltd Pipeline Rehab Experts, reveals a focus on pipeline rehabilitation equipment and services. They offer robotic spray lining, CCTV pipeline inspection systems, and pipeline rehabilitation equipment, catering to commercial and industrial customers. They even offer custom fit-out vehicles for rehabilitation work. The company's website states they partner with a manufacturer of polymer coating products and have over 30 years of experience in the field.

Financially, Utileyes Ltd shows a mixed picture. Current assets decreased by 19%, dropping to £57,000, while net assets fell by 6.6%, reaching £43,000. Bank borrowings vanished completely, a positive change, but cash reserves also declined by 24%, down to £38,000. Trade debtors increased significantly, rising by 140% to £16,000, which could indicate increased sales but also potential payment delays. Creditors also decreased, suggesting better debt management. The company's small size—meeting two of three criteria for a small company—helps it remain flexible. No auditor is mentioned, meaning the financial statements are unaudited.

Overall, Utileyes Ltd appears to be navigating a period of change. While it’s a small operation, its focus on specialized pipeline rehabilitation equipment and services suggests a niche market. The financial trends indicate a need to carefully manage cash flow and monitor debtor payments, but the company’s agility could be an advantage in a competitive market.

Registered in England/Wales under the registration number 10489361, with a registered address at GU24 8HU, England, Chobham, Surrey, Unit B1f, Fairoaks Airport.

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