Advanced Keys Limited

Advanced Keys Ltd, based in Birmingham, UK, is a small, active company established 21 years ago. With five employees and £362,867 in assets, it operates from a real address and is managed by two directors and three owners. The company runs an e-commerce site and regularly imports electrical machinery and equipment – 11 months of import activity were recorded, with the latest in October 2024. It also exports vehicles, parts, and accessories irregularly, with just one month of export activity in February 2023.

The company's website, advancedkeys.co.uk, specializes in supplying remote keys, transponders, programming equipment, and accessories for auto locksmiths worldwide. It offers a wide range of products, from aftermarket remote keys to keyless remote keys and even diagnostic boxes. The site caters to both trade and retail customers, with a focus on competitive pricing and fast customer support. It's clear that the company is targeting a specific niche within the automotive industry, providing essential tools and components for locksmiths.

Financially, Advanced Keys Ltd presents a mixed picture. Cash bank on hand decreased by 20% to £75,000, while trade debtors increased significantly by 92% to £93,000 – a possible indication of extended credit terms or delayed customer payments. Creditors also decreased by 16% to £47,000, suggesting improved debt management. However, accrued liabilities rose by 38% to £1,800. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors needs to be monitored. Accumulated amortisation impairment intangible assets increased by 400%, which is a big jump. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Advanced Keys Ltd appears to be a stable, albeit small, business operating in a specialized market. The company’s focus on trade customers and its online presence suggest a modern approach, but the financial trends warrant close attention.

Registered in England/Wales under the registration number 04819163, with a registered address at B35 6AN, England, Birmingham, Unit D1 Oyo Business Units, Park Lane.

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