Atec Security Limited

Atec Security Limited, based in Wolverhampton, UK, is a small, active company established 39 years ago in 1985. With 48 employees and £3,193,729 in assets, it’s a well-established player in its sector. The company is managed by six directors and has one owner, Adcock Simon. It operates from a real address at Unit 1 Element Court, Hilton Cross Business Park, and regularly imports electrical machinery and equipment – a consistent pattern over the last 36 months. It also exports these same items, though less frequently, with just three months of export activity recorded.

The company’s website is minimal, providing little insight into its operations beyond its contact details and a basic overview of its services. It doesn’s appear to be an e-commerce site. Atec Security Limited operates in the wireless telecommunications, other telecommunications, and security systems service activities industries.

Financially, Atec Security Limited presents a mixed picture. While net assets increased by 11% to £1,100,000, current assets decreased by 12% to £3,200,000. Bank borrowings remained stable, but interest payable surged by 180%, suggesting increased financing costs. Trade debtors decreased by 17%, which could indicate improved collection efforts, or a reduction in sales. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the increased interest expense and decrease in current assets are worth noting. The company’s accounts are unaudited, which is common for small businesses.

The rise in administrative expenses by 9.1% might be due to inflation or expansion, while the significant drop in deferred tax assets could reflect changes in tax legislation or business strategy. Overall, Atec Security Limited seems to be navigating a period of change, with both positive and concerning trends in its financial performance.

Registered in England/Wales under the registration number 01936399, with a registered address at WV10 7FE, Wolverhampton, West Midlands, Unit 1 Element Court, Hilton Cross Business Park, Featherstone.

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