Ask Technology Limited

Ask Technology Limited, based in Basingstoke, UK, is a small, active company founded 21 years ago in 2003. With 47 employees and £4,159,698 in assets, it’s a well-established player in its sector. The company has three directors and three owners, with a real registered address. It’s a regular importer and exporter of electrical machinery and equipment, having imported for 87 months and exported for 12 months – the latest export activity recorded in March 2024.

The company operates in the manufacture of loaded electronic boards, a specialized industry. Its website is not available for analysis.

Financially, Ask Technology Limited shows some interesting trends. While cash bank on hand increased by 12% to £3.2 million, current assets decreased by 10% to £4.2 million. Trade debtors have seen a significant drop, falling 46% to £830,000, which could indicate improved collection efforts or a shift in sales terms. However, bank borrowings have remained steady at £2.2 million. Net assets have remained stable at £1.3 million. Creditors have also decreased by 31% to £310,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) helps it remain flexible, but the decrease in current assets warrants further investigation. No auditor is mentioned, which is typical for a small company exempt from an audit.

Overall, Ask Technology Limited appears to be a stable, if somewhat challenged, business. While it’s maintaining its import and export activities, the financial data suggests a need to carefully manage working capital.

Registered in England/Wales under the registration number 04963599, with a registered address at RG22 6HY, England, Basingstoke, Unit K Grafton Way, West Ham Industrial Estate.

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