Wise Group - Muir Matheson Ltd

Wise Group Muir Matheson Ltd from Edinburgh UK: small company, active status, founded 4 years ago, 5 employees, virtual address, 3 directors, 2 owners. Regular importer of optical and medical tools and devices (5 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company is currently active and was incorporated on May 10, 2021. With five employees, it operates from a virtual address – thirty eight other companies are registered at the same location. Three directors and two owners oversee the business, with Lillestol Roger and Silgjerd Jon Arne being the owners.

Wise Group specializes in providing advanced monitoring systems for the offshore and marine industries. Their website showcases a range of solutions, including environmental, helideck, structural health, and vessel motion monitoring systems. They also offer software solutions like DADAS and RUP ExcMS, and a variety of sensors, including meteorological, current, and motion sensors. The company's offerings cater to sectors like offshore wind farms, platforms, FPSOs, and vessels, with a particular emphasis on safety and precision. They even have a CCTV system division, and a Tanker Berthing Aid System.

Financially, Wise Group Muir Matheson Ltd shows some interesting trends. While cash reserves increased by 51% to £380,000, indicating improved liquidity, net assets dropped by 80% to £330,000. Trade debtors surged by 100% to £210,000, suggesting a potential reliance on customer payments, while creditors rose 15% to £590,000. Accumulated amortisation of intangible assets increased by 60% to £68,000, and depreciation of property, plant, and equipment rose by 35% to £14,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in equity raises questions. With no auditor mentioned, the figures rely on unaudited statements. The company operates in the other professional, scientific and technical activities n.e.c. industries.

Registered in Scotland under the registration number SC698303, with a registered address at EH3 8EH, Scotland, Edinburgh, Exchange Tower, 19 Canning Street.

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