Autotec Components Limited

Autotec Components Ltd, based in Newark, UK, is a small, active company founded eleven years ago. With seven employees and £1,169,796 in assets, it operates from a real address on Brunel Drive. Two directors and two owners manage the business, which has been active for four months. The company regularly imports optical and medical tools and devices (314 months of import activity) and exports electrical machinery and equipment (104 months of export activity). It operates within the "other business support service activities n.e.c." industry.

The company’s website is currently unavailable, making it difficult to determine if it operates an e-commerce platform or provides services directly. Without a website, it’s hard to gauge its online presence and customer interaction strategies.

Financially, Autotec Components Ltd presents a mixed picture. While net assets increased by a substantial 60% to £630,000, other key metrics show some cause for concern. Cash reserves grew by 7.5% to £260,000, which is good, but trade debtors have exploded by 210%, reaching £590,000 – this suggests the company is struggling to collect payments from its customers. Bank borrowings have decreased by 46% to £23,000, which is positive, but creditors have increased by 55% to £540,000, indicating a greater reliance on supplier credit. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited nature of the financial statements, typical for small companies, means there’s no external verification of these figures.

Overall, Autotec Components Ltd appears to be navigating a period of growth, but the significant increase in trade debtors warrants close monitoring. The company’s reliance on supplier credit, while common for businesses of its size, could become a risk if payments are not managed effectively.

Registered in England/Wales under the registration number 08842886, with a registered address at NG24 2EG, United Kingdom, Brunel Drive, Newark, Unit 4 Glenholme Park.

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