Advance Technology Solutions Ltd

Advance Technology Solutions Ltd, based in Wigan, UK, is a small, active company founded seven years ago. With three employees and £27,112 in assets, it’s a solo-founder operation led by a single director and owner. The company regularly imports electrical machinery and equipment, with 27 months of import activity recorded, the last in January 2025. It operates in the manufacture of electronic components industries.

The company’s website showcases a wide range of optical transceivers, direct attach cables, and active optical cables – catering to networking professionals. It seems to be an e-commerce business, selling components for high-speed networks. The site emphasizes compatibility, affordability, and lifetime product warranties – a strong selling point for a niche market. It also has a blog with technical discussions and tutorials, indicating a desire to establish itself as a knowledge resource.

Financially, Advance Technology Solutions Ltd presents a mixed picture. Cash bank on hand has plummeted by 90% to just £2,000, a significant drop. Creditors have also increased substantially, with those due within one year rising by 270% to £35,000. However, debtors have doubled to £40,000, which could indicate increased sales but also potential challenges in collecting payments. Equity has fallen by 61% to £15,000, reflecting a decline in retained earnings. The company meets two of three conditions to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is typical for small, exempt companies.

The sharp decrease in cash reserves is concerning, and the increase in creditors suggests the company is relying more on short-term borrowing. While the e-commerce site appears active and well-stocked, the financials reveal a company facing some financial pressures. It’s likely the company is still growing, but it needs to manage its cash flow more effectively to sustain its operations.

Registered in England/Wales under the registration number 10953609, with a registered address at LL17 0JA, Wales, St. Asaph, Unit 32 Llys Edmund Prys, St. Asaph Business Park.

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