01tech Ltd

01tech Ltd is a small, active company based in Basildon, UK, founded four years ago in 2020. It’s a solo-founded operation with one director and one owner, meeting two of the three criteria to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, 01 Tech Innovation, presents a somewhat unusual picture. While the core business seems to be e-commerce, the site also mentions TVP BUD EMF IT 38825 01030506 9912 C, and a physical address in Kuching, Sarawak, Malaysia. The presence of contact information for 01tech.hk and a Hong Kong phone number suggests a complex international network. The site’s design is basic, and the focus seems to be on technical products and services—though the exact nature of these remains unclear. It’s not immediately obvious if the Malaysian address represents a warehouse, a partner, or something else entirely.

Financially, 01tech Ltd is facing challenges. Net assets liabilities have increased significantly, jumping 24% to -£5,700. Cash reserves are practically non-existent. Bank borrowings are also up, though not dramatically. Creditors decreased slightly, which is a positive sign, but the overall picture suggests the company is burning through cash. The company’s accounts are “filleted,” meaning they’re simplified and unaudited, and prepared using FRS 102. There’s no mention of an auditor, which is common for small companies. The company’s description of principal activities is “No description of principal activity,” which is a bit odd. It’s clear the company is not profitable, and the reliance on short-term creditors suggests a need for constant cash flow.

Registered in England/Wales under the registration number 13028664, with a registered address at SS14 2JG, England, Basildon, 25 Falkenham Rise.

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