X Line Systems Ltd

X Line Systems Ltd, based in Ilkeston, UK, is a small, active company founded eight years ago in 2017. With ten employees and £216,620 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports plastics and plastic products, with four months of import activity recorded, and exports machinery, boilers, and mechanical appliances, boasting 22 months of export activity.

The company’s website reveals a comprehensive offering of water-fed cleaning equipment, catering to both professional window cleaners and DIY enthusiasts. It sells everything from starter kits and van-mounted systems to solar cleaning robots and filtration systems, with a focus on quality and innovation. The site also highlights a range of services, including system installations, servicing, and even finance options for van-mounted equipment. It's a one-stop shop for all things cleaning, with a strong emphasis on technical expertise and customer support.

Financially, X Line Systems Ltd presents a mixed picture. While current assets increased by 33% to £220,000, net assets declined by 29% to £120,000. Cash bank on hand took a significant hit, falling 54% to £42,000. Trade debtors increased dramatically, jumping 970% to £110,000, which could indicate a shift in payment terms or a period of rapid growth. Tax payable, however, increased by 230%, suggesting potential tax liabilities. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity warrants closer attention. As a small company, it is exempt from an audit, and the figures are unaudited.

Overall, X Line Systems Ltd seems to be navigating a period of change. The strong export activity and expanding product range suggest growth potential, but the financial figures indicate some challenges. It's likely the company is investing in its business, but monitoring its cash flow and debt management will be crucial for long-term success.

Registered in England/Wales under the registration number 10593363, with a registered address at DE7 4RB, England, Ilkeston, Derbyshire, Unit 2b Eagle Road, Quarry Hill Industrial Estate.

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