Bitrez Limited

Bitrez Ltd from Wigan UK is a large, holding company with an active status, having been founded 24 years ago. Employing 94 people, the company holds £16,477,413 in assets and generates £26,875,350 in yearly revenue. It operates from a real address, overseen by two directors and one owner, and maintains a respectable Google rating of 4.0 based on three reviews. Bitrez is a regular importer of organic chemicals (123 months) and a regular exporter of plastics and plastic products (487 months).

The company specializes in the manufacture of other chemical products n.e.c. industries. It’s a large company, having met two of three conditions: turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. The company's website is not available for review.

Financially, Bitrez Ltd presents a mixed picture. Accrued liabilities have decreased by 39%, which is good, but administrative expenses increased by 14%. Cash bank on hand, however, has seen a significant boost, rising by 73%. While dividends paid have increased by 75%, suggesting a return to shareholders, the company's net assets have also increased by 13%, which is a positive sign. However, finished goods have decreased by 57%, which could indicate a slowdown in production or increased sales. The company's turnover has decreased by 14%, which may be a result of economic conditions or increased competition. It’s likely that the company is managing its debts well, as creditors have decreased by 25%. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements.

Overall, Bitrez Ltd appears to be navigating a period of change, with some areas showing strength and others needing attention. The company’s long history and established position in the market should help it weather any short-term challenges.

Registered in England/Wales under the registration number 04138468, with a registered address at WN6 0XQ, Wigan, Lancashire, Bradley Hall Trading Estate, Bradley Hall Standish.

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