Centrex Print Services Ltd

Centrex Print Services Ltd from Hitchin UK: a small, active company founded eleven years ago, employs thirteen people, and holds £738,368 in assets. It operates from a virtual address, has four directors, and is owned by Heslop Michael William. Its Google rating is a respectable 4.0 based on nineteen reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances, with its last import operation occurring just one month ago in April 2024.

The company’s website paints a picture of a modern IT support provider. Centrex focuses on providing “responsible” IT services, including print services, maintenance, and circular economy solutions. They cater to businesses, offering everything from diagnostics and repairs to inventory management and technical courier services. A key selling point is their "LeanInventory" system, promising to cut IT maintenance stock in half and reduce environmental impact. They even boast of serving over 1,000 happy customers and partnering with major companies like Computacenter and Procurri. The site highlights a network of seventy field engineers and technicians, capable of handling 80,000 annual fixes and installations.

Financially, Centrex Print Services Ltd shows some concerning trends. Cash bank on hand dropped by 16%, settling at £420,000, while current assets decreased by 9.6% to £740,000. Bank borrowings remained steady, but trade creditors significantly decreased by 33%, suggesting improved debt management. Equity increased by 4.8% to £430,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain agile. There’s no auditor mentioned, which is typical for a company of its size. The company’s financial statements are unaudited.

Overall, Centrex Print Services Ltd seems to be navigating a period of change. While its services are well-regarded and it has a strong network of engineers, the decline in cash reserves warrants attention. It’s likely that the company is focusing on cost efficiencies and managing its working capital to maintain its competitive edge.

Registered in England/Wales under the registration number 08954755, with a registered address at SG5 1JQ, England, Hitchin, Hertfordshire, Croft Chambers, 11 Bancroft.

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