Basetek Limited

Basetek Limited, hailing from Ipswich, UK, is a sizable holding company with an active status, celebrating 25 years since its establishment in 2000. Employing 37 individuals, the company manages assets totaling £16,874,148 and generates a substantial £41,412,830 in yearly revenue. Boasting a perfect 5.0 Google rating from six reviews, Basetek is a well-regarded entity. Five directors and one owner oversee operations, with a real address registered at IP3 9BL.

The company’s core business revolves around procurement services, specifically engineering procurement solutions. Basetek caters to a range of industries, including oil exploration, mining, marine, and defense, offering procurement, MRO supply, contract management, logistics, finance solutions, and warehousing. They even provide technical consultancy, demonstrating a deep understanding of both technical specifications and procurement best practices. Their website highlights a focus on quality, reliability, and building lasting relationships with clients and partners. They import machinery, boilers, and mechanical appliances; parts regularly, and export the same items.

Financially, Basetek shows a mixed picture. While cash bank on hand has increased significantly by 130% to £5,300,000, administrative expenses have risen by 35% to £2,600,000. Creditors have increased by 49% to £8,500,000, and trade debtors have increased by 20% to £5,800,000. The company’s turnover has increased by 23% to £41,000,000, which is a positive sign. However, net assets have decreased by 21% to £13,000,000, and retained earnings have decreased by 35% to £2,000,000. The company's small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Basetek appears to be a stable, well-established procurement firm, though the decline in net assets suggests it may be facing some financial pressures. The company’s diverse service offerings and strong client relationships should help it navigate these challenges, but monitoring its financial performance will be key.

Registered in England/Wales under the registration number 03908736, with a registered address at IP3 9BL, United Kingdom, Ipswich, Suffolk, 3 Lytham Road.

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