1st Technologies Ltd

1st Technologies Ltd, based in Preston, UK, is a sizable company with a holding structure and active status. Established 27 years ago in 1997, the company employs 62 people and boasts assets of £9,029,449, generating £17,129,550 in yearly revenue. It operates from a real address and is managed by two directors and one owner, holding a stellar 5.0 Google rating from 30 reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances parts, with a substantial 428 months of import activity and 573 months of export activity.

The company’s website highlights its core business: wholesale distribution of refurbished IT equipment, specializing in desktop PCs, laptops, servers, and workstations. They cater to both trade customers and end-users, offering export expertise, asset recovery and remarketing services, and even supplying educational institutions and public sector organizations. Their website also mentions a division focusing on high-quality refurbishment and Microsoft Authorised Refurbisher accreditation.

Financially, 1st Technologies Ltd shows a mixed picture. While revenue increased by 5.6% to £17 million, cash bank on hand dropped significantly by 79% to £1.5 million. Net assets also decreased by 15% to £6.6 million. Interestingly, administrative expenses increased by 14%, while trade debtors decreased by 36%. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market. The company’s auditor, Rushtons, has issued an unqualified opinion, indicating the financial statements give a true and fair view.

The sharp decline in cash reserves and the increase in administrative expenses are concerning, potentially reflecting increased operating costs or investments in growth. However, the continued revenue growth and the positive Google rating suggest a resilient business model. The company’s focus on refurbishment and export markets may be key to its future success.

Registered in England/Wales under the registration number 03462263, with a registered address at PR3 3XL, United Kingdom, Preston, Lancashire, Unit X Bee Mill Preston Road, Ribchester.

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