Buzz Networks Limited

Buzz Networks Limited, based in Poole, UK, is a small, family business with an active status, having been incorporated 28 years ago in 1996. The company employs 20 people and holds £846,161 in assets. With five directors and two owners, it operates from a real address and maintains a respectable Google rating of 4.0 based on 22 reviews. Buzz Networks regularly imports and exports electrical machinery and equipment, with 3 months of import activity and 12 months of export activity recorded.

The company's website reveals it's primarily involved in providing telecommunications services, with a focus on wired and wireless activities. It seems to be a B2B operation, targeting commercial and industrial clients with its telecommunications offerings. There's no obvious e-commerce presence, suggesting a sales model based on direct contracts or partnerships rather than online retail.

Financially, Buzz Networks Limited shows a mixed picture. Current assets increased by 10% to £850,000, while net assets decreased by 2.6% to £610,000. Cash bank on hand rose by 13% to £680,000, which is good news. However, creditors surged by 56% to £430,000, which could indicate increased reliance on short-term financing or delayed payments from customers. Trade debtors, on the other hand, decreased by 14%, suggesting better collection practices. 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 creditors warrants closer monitoring. The company is exempt from audit, so the figures are unaudited.

Overall, Buzz Networks Limited appears to be a stable, albeit somewhat stretched, operation. The increase in creditors, while concerning, could be a temporary effect of growth or changing market conditions. The strong cash position provides a buffer, but management will need to keep a close eye on working capital and ensure timely payments from customers.

Registered in England/Wales under the registration number 03260342, with a registered address at BH16 6NL, England, Poole, 6 Glenmore Business Park Blackhill Road, Holton Heath.

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