Wallace Trading Solutions Ltd

Wallace Trading Solutions Ltd, based in Greenock, UK, is a small, active company founded seven years ago. Despite its active status, the company is overdue on both accounts and confirmation statements for the past three years, and employs just three people. It’s a solo founder operation, managed by a single director and owner, Wallace Graeme. The business operates from a real address and is registered as SC582923.

The company's website reveals a specialist consultancy in the precious metals industry, providing technical services in refining processes, operations management, materials evaluation, physical trading, and marketing. They cater to a wide range of clients, from good delivery refiners to central banks and mining companies, boasting consultants with over 100 years of combined experience in precious metals refining. They also offer services like marketing advice, materials trading, and even help with refinery operations management. The website mentions a registered office in Peterborough, England, and highlights a focus on Gold, Silver, and Platinum Group Metals.

Financially, Wallace Trading Solutions Ltd presents a mixed picture. Accumulated depreciation and impairment of property, plant, and equipment remained static at £1,700, as did additions to the same category at £8,500. Cash on hand held steady at £100, while creditors remained at £2,900. Equity, however, sits at £4,000. Net assets and liabilities are also at £4,000. A significant negative is the net current assets and liabilities, which sits at -£2,800. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, fewer than 50 employees), the negative current assets and liabilities suggest a potential cash flow challenge. The lack of an auditor mentioned, likely due to its small size, means the figures are unaudited.

It's clear Wallace Trading Solutions Ltd is facing some financial strain, despite its expertise in the precious metals sector. The company's reliance on consultancy services and its lean operational structure may be contributing to its current situation, but it’s difficult to say for sure.

Registered in Scotland under the registration number SC582923, with a registered address at PA16 0GG, Scotland, Greenock, 1 Langhouse Mews Langhouse Road, Inverkip.

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