Washing Systems Limited

Washing Systems Limited is a small, holding company based in Warrington, UK, with an active status. Founded fifteen years ago in 2010, the company employs five people and holds £704,335 in assets. It operates from a virtual address – 52 other companies are registered at the same location – and is overseen by two directors and one owner. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with the last import operation occurring two months ago in April 2023. Washing Systems Limited provides other business support service activities.

The company’s website, washing-systems.co.uk, showcases a range of industrial washing equipment and related services. It appears to be a B2B operation, targeting businesses needing washing solutions for various industries. While the site doesn't explicitly offer e-commerce functionality, it does feature detailed product specifications, case studies, and contact information, suggesting a sales-driven model.

Financially, Washing Systems Limited’s recent performance presents a mixed picture. Current assets have decreased by 19% to £700,000, while net current assets and liabilities have increased by 31% to -£1,800,000. Bank borrowings have risen significantly, and cash reserves have fallen by 33% to £380,000. Trade debtors have increased by 16% to £310,000. Despite these challenges, creditors have decreased by 12% to £2,500,000. 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 remain flexible. The company's auditor is Royce Peeling Green Limited. The company's equity has decreased by 100% to -£1,500,000. It is likely that the company is struggling to maintain profitability, and the decrease in equity is a cause for concern.

Registered in England/Wales under the registration number 07116500, with a registered address at WC2N 4HN, England, Strand, London, 6 Agar Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.