Bito Storage Systems Limited

Bito Storage Systems Ltd, based in Nuneaton, UK, is a large, active company established 26 years ago. Employing 41 people and holding £6,103,736 in assets, it’s a significant player in its sector. The company has a real address and is overseen by one director and owner. Google users rate it 4.0 out of 5 based on 11 reviews. Bito Storage Systems regularly imports and exports iron or steel products, with 117 months of import activity and 18 months of export activity recorded.

The company’s website reveals a broad range of services and products related to warehouse and intralogistics solutions. They offer everything from container systems and racking to transport systems and consultancy services, catering to various industries like automotive, food, healthcare, and industrial manufacturing. A key focus is on automation and digital solutions, including warehouse management software and robotics. The site also highlights its expertise in specialized areas like pharmaceutical storage and disaster recovery. It’s clear they’re not just selling products but offering comprehensive solutions to optimize warehouse operations.

Financially, Bito Storage Systems Ltd’s recent report shows some concerning trends. While revenue increased by 24%, reaching £19 million, net assets have fallen by 4%, settling at £3.1 million. Cash reserves have taken a significant hit, dropping 68% to £1.3 million. Bank borrowings have surged by a staggering 2,900%, reaching £210,000—a clear indication of increased reliance on debt. Creditors have also decreased by 39%, suggesting improved debt management, but the sharp decline in cash and the increase in borrowing are worrying signs. Staff costs have risen by 15%, contributing to a net loss of £1.2 million. The company’s auditor, Azets Audit Services, signed off on the accounts, but the financial picture suggests a period of increased pressure. The company meets the criteria to be considered a large company, having met two of three conditions: turnover exceeding £36 million, balance sheet total exceeding £18 million, and having more than 250 employees. Overall, Bito Storage Systems Ltd appears to be navigating a challenging financial landscape, despite its strong market position and wide range of services.

Registered in England/Wales under the registration number 03712760, with a registered address at CV11 6WH, Nuneaton, Warwickshire, Finch Way, Hemdale Business Park.

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