Wheely-safe Ltd

Wheely-Safe Ltd, based in Burntwood, UK, is a small, active company established fifteen years ago. With ten employees and £1,595,017 in assets, it operates from a real address and is managed by two directors and two owners. The company regularly imports and exports optical and medical tools and devices, with nineteen months of import activity and sixteen months of export activity recorded.

The company’s website showcases Wheely-Safe as a world leader in wheel and safety technology for trucks, trailers, buses, and coaches. It offers a range of products, including TPMS (Tyre Pressure Monitoring Systems) and wheel security solutions, designed to boost fleet efficiency and safety. The site emphasizes its patented sensor technology, which proactively alerts drivers to potential wheel loss or overheating issues. It also features a knowledge hub with fitting instructions, latest news, and testimonials from satisfied customers. The site has a clear focus on B2B sales, with a "Request a Demo" call to action prominently displayed.

Financially, Wheely-Safe Ltd’s report shows some interesting trends. While current assets increased by 19% to £1,600,000, trade debtors rose significantly by 38% to £1,400,000, which could indicate delayed customer payments. Bank borrowings decreased by 32% to £22,000, suggesting improved debt management. However, net assets declined by 19% to -£2,800,000, which is a concerning trend. Depreciation for motor vehicles decreased by 63%, which could be due to fewer new vehicle purchases. 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, but the negative equity warrants closer attention. There’s no auditor mentioned, likely due to the company’s small size and exemption from audit requirements.

Overall, Wheely-Safe Ltd appears to be a growing company with a specialized product offering, but the negative equity raises questions about its long-term financial health. The company’s focus on innovation and customer safety, however, positions it well in a competitive market.

Registered in England/Wales under the registration number 07184108, with a registered address at WS7 3GF, England, Burntwood, Staffs, Ground Floor 1 Newlands Court, Attwood Road.

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