Wiltshire Ballistic Services Limited

Wiltshire Ballistic Services Ltd from Devizes UK is a small holding company with an active status, established 24 years ago. The company employs four people and holds £335,317 in assets. It has a real address, one director, and two owners, and enjoys a perfect 5.0 Google rating based on four reviews. The company is an irregular importer of glass and glassware, with just one month of imports recorded.

The company operates in the other research and experimental development on natural sciences and engineering industries. Its website is non-existent, making it difficult to determine the specifics of its research activities. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financially, Wiltshire Ballistic Services Ltd presents a mixed picture. Current assets have decreased by 24%, dropping to £340,000. Net assets have plummeted 130%, resulting in a net asset value of £460,000. Bank borrowings have increased significantly, rising by 2,400% to £29,000, while cash reserves have fallen 30% to £28,000. Creditors have decreased by 18%, suggesting better debt management. The company’s small size allows for agility, but the substantial equity drop raises concerns. No auditor is mentioned, likely due to its status as a small company.

The company’s financial data reveals a concerning trend. Accumulated depreciation has increased, indicating aging equipment. However, cash reserves have dwindled, and bank borrowings have surged, suggesting the company is burning through cash. While the company’s directors have changed recently, this could be a positive sign, indicating a potential for change and improvement. The company’s two owners, Laird Jason and Modini Ltd, have also changed recently, which may also be a good sign.

Registered in England/Wales under the registration number 04050177, with a registered address at SN10 1BZ, England, Devizes, The Ranges, Station Road.

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