Audiotek Ltd

Audiotek Ltd is a small, active company based in Reading, UK, founded nine years ago in November 2015. It employs three people and holds £935,853 in assets. With two directors and two owners, the company operates from a real address and is registered as a private limited company. Audiotek Ltd is a regular importer and exporter of electrical machinery and equipment, with 43 months of import activity and 10 months of export activity recorded. The last import operation was made on August 01, 2024, and the last export operation on July 01, 2024. The company operates in the other professional, scientific and technical activities n.e.c. industries.

While Audiotek Ltd’s website is not available, its financial data paints a mixed picture. Net assets have increased dramatically, rising 130% to £630,000, while cash reserves have also increased significantly, jumping 49% to £440,000. However, bank borrowings have also increased, rising 7.2% to £14,000. Trade debtors have decreased significantly, falling 26% to £340,000, suggesting improved collection efforts. 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 bank borrowings should be monitored. The average number of employees has increased by 100%, rising to six, which could indicate expansion or temporary staffing needs.

The company’s creditors have decreased by 35%, which is a positive sign of better debt management. However, the increase in corporation tax payable, jumping 240% to £120,000, could be a cause for concern. There is no auditor mentioned, likely due to the company’s small size and exemption from audit. The financial statements are unaudited, so the figures rely on director-reported data.

In short, Audiotek Ltd appears to be growing and managing its debts well, but the increase in bank borrowings and corporation tax payable warrants attention. The company’s success will likely depend on its ability to maintain its growth trajectory and effectively manage its financial obligations.

Registered in England/Wales under the registration number 09882680, with a registered address at RG8 7JW, England, Reading, Unit 3 Horseshoe Park, Pangbourne.

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