Yrg Solutions Limited

Yrg Solutions Ltd, based in York, UK, is a small holding company with an active status, having been founded 20 years ago. The company employs seven people and holds assets valued at £290,729. It has a real address and is managed by five directors, with one owner. Yrg Solutions is an irregular importer of machinery, boilers, and mechanical appliances, with one month of import activity recorded, and an irregular exporter of paper and paperboard products, with one month of export activity.

The company’s website, Yrg Tech Solutions, highlights its focus on innovative home and business automation. It offers services ranging from smart lighting and security systems to custom web and app development, and digital marketing solutions. The website emphasizes tailored solutions and integration of automation features, catering to both residential and commercial clients. It's clear they're aiming to be a one-stop shop for businesses and homeowners looking to streamline their operations and enhance their living spaces.

Financially, Yrg Solutions Ltd presents a mixed picture. While current assets remain steady at £290,000, equity has significantly increased by 100%, reaching £240,000. However, cash bank on hand has dropped considerably by 74%, falling to £36,000. Bank borrowings have also increased, though it's not clear if this is a cause for concern. Trade debtors have risen by a substantial 33%, which could indicate a delay in payments, or perhaps an expansion of credit terms offered to customers. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests that the company is exempt from a full audit, relying on unaudited statements.

Overall, Yrg Solutions Ltd appears to be navigating a period of change. While the company’s financial position is not alarming, the decrease in cash reserves and increase in trade debtors warrants attention. The focus on automation and digital marketing suggests a forward-thinking approach, but the long-term sustainability of the business will depend on its ability to manage its finances effectively and capitalize on the growing demand for smart solutions.

Registered in England/Wales under the registration number 05318005, with a registered address at YO1 6EL, York, 20 Trinity Lane, Micklegate.

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