B I Communications Limited

B I Communications Limited, based in Basildon, Essex, is a small, active family business established 41 years ago. With eight employees and £1,128,944 in assets, the company operates from a real address and is overseen by three directors and two owners. While irregular in its import activities (2 months of optical and medical tools and devices), it’s a consistent exporter (39 months) of the same goods. The company’s website, though not detailed, suggests a focus on manufacturing electronic components.

The company’s financial data reveals a mixed picture. While cash reserves have increased by a healthy 10%, reaching £700,000, current assets have also grown by 9%, hitting £1,000,000. However, net losses have deepened, and trade debtors have increased significantly, by 16%, reaching £300,000. This could be due to increased sales, but it also suggests potential challenges in collecting payments. 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 agility, but the increase in bank borrowings—a 2,400% surge to £29,000—raises concerns about its financial leverage. The decrease in average employees, by 12%, could be a sign of restructuring or cost-cutting measures.

The company’s accounts are unaudited, which is typical for small companies, and the report doesn't mention an auditor. Depreciation for plant machinery has decreased, which could be a positive sign of better asset utilization. Overall, B I Communications Limited appears to be navigating a period of change, with growth in assets and cash offset by increased debt and a slight decrease in workforce.

Registered in England/Wales under the registration number 01738578, with a registered address at SS13 1BJ, Essex, 7 Buckwin Square, Basildon.

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