Blankit Ltd

BlankIT Ltd, based in Stoke-on-Trent, UK, is a small, active company founded ten years ago. With twelve employees and £197,818 in assets, it's a family business boasting a perfect 5.0 Google rating from two reviews. The company operates from a real address and is managed by two directors and two owners. BlankIT regularly imports and exports electrical machinery and equipment, with four months of import activity and six months of export activity recorded.

The company’s website reveals a focus on the used mobile phone industry, offering services like grading, data erasure, configuration, and warehousing. They position themselves as experts in used device grading software and data removal, serving major resellers and distributors. The website highlights their ability to quickly and efficiently service used mobile stock, offering a tailored service that meets specific needs and deadlines. Testimonials from satisfied customers praise BlankIT’s quality assurance, unlocking services, and overall expertise.

Financially, BlankIT Ltd shows some concerning trends. Accumulated depreciation for property, plant, and equipment increased by 24%, while cash bank on hand dropped by a significant 39% to £100,000. Current assets also declined by 27% to £200,000. Trade debtors increased by 9%, suggesting potential delays in customer payments, and bank borrowings decreased by 41% to £3,500. Despite these challenges, creditors decreased by 17%, which is a positive sign. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, and the financial statements are unaudited.

Overall, BlankIT Ltd appears to be navigating a period of financial pressure. While its expertise in the used mobile device industry is evident, the declining cash reserves and asset values warrant close monitoring. It's clear that the company is working hard to maintain its reputation and serve its customers, but the financial data suggests a need for careful management and possibly some adjustments to its business model.

Registered in England/Wales under the registration number 09352088, with a registered address at ST3 5XA, United Kingdom, Stoke On Trent, Staffordshire, Unit 43 Parkhall Business Village, Parkhall Road.

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