Bep Technology Ltd

Bep Technology Ltd, based in Southend-on-Sea, UK, is a small, active company founded 17 years ago. Despite a solid 5.0 Google rating from two reviews, the business faces some challenges, with accounts and confirmation statements overdue for three years. The company employs just one person and holds £220,557 in assets, operating from a real address and managed by a single director and owner – a solo founder. It’s a regular importer of electrical machinery and equipment, with four months of import activity recorded.

The company’s website is minimal, offering little insight into its operations beyond a basic contact form. It appears to be a small, possibly B2B operation, rather than a large-scale e-commerce venture. It seems to operate within the other education n.e.c., and the other human health activities industries.

Financially, Bep Technology Ltd presents a mixed picture. While current assets have increased by 20% to £220,000, net assets have fallen by 83% to £5,500. Bank borrowings have remained stable at £10,000, but cash reserves have dropped by 64% to £4,900. Creditors have risen by 130% to £74,000, and trade debtors have increased by 27% to £220,000. 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 significant drop in equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in trade debtors suggests potential issues with customer payments, while the rise in creditors could indicate increased reliance on short-term financing. It’s possible the company is investing in growth, but the declining cash reserves and equity warrant close monitoring. The lack of employees, combined with the overdue accounts, suggests the director is stretched thin, and perhaps needs to delegate more responsibilities.

Registered in England/Wales under the registration number 06465389, with a registered address at SS1 1EG, England, Southend On Sea, Essex, 1 Nelson Street.

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