Caterbitz Ltd

Caterbitz Ltd, based in Wimborne, UK, is a small, active family business founded eight years ago. With two employees and £980,470 in assets, it operates from a real address and is led by one director and two owners. The company is an irregular importer of electrical machinery and equipment (last import in August 2023) but a regular exporter of machinery, boilers, and mechanical appliances (last export in May 2024). It operates in the non-specialised wholesale trade industries.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if they operate an e-commerce store or primarily engage in wholesale distribution.

Financially, Caterbitz Ltd’s report reveals a mixed picture. Accumulated depreciation on plant machinery increased by a substantial 110%, while depreciation on vehicles declined by 52%. This suggests investment in equipment but potentially a write-down of vehicle assets. Cash bank on hand decreased by 22% to £470,000, and current assets dropped by 11% to £980,000. However, creditors decreased by 20%, which could indicate improved debt management. The company’s net assets increased by 13% to £1.3 million, and bank borrowings remained stable at £320,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile.

The significant decrease in trade debtors—a drop of 89%—is a notable trend. It could mean quicker customer payments, a shift in sales strategy, or potentially a loss of key accounts. The company’s equity increased by 13% to £1.3 million, which is a positive sign. As a small company, Caterbitz Ltd is exempt from an audit, so the financial statements are unaudited. The company’s director is Mr. Richard Moreton.

Registered in England/Wales under the registration number 10169004, with a registered address at BH21 6FE, England, Wimborne, Dorset, Unit 20 Axis 31, Oakfield Road, Woolsbridge Industrial Estate.

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