Cetitek Ltd

Cetitek Ltd, based in Hertford, UK, is a small, active company founded five years ago. It’s a solo venture, managed by a single director and owner, Porter Paul. The company operates from a virtual address, registered with 213 other businesses, and currently holds £3,405 in assets. While it’s classified as a small company—meeting two of three conditions (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees)—its accounts are currently overdue by two months. The company has one employee.

Cetitek’s website reveals a sophisticated business specializing in connectivity and networking systems for the automotive industry. It's a Porsche company, offering software solutions for mobility, including AVB and TSN technologies. The company’s products are key components for automotive manufacturers, focusing on connectivity and networking systems. They provide universal gateways, data managers, and communication stacks, catering to a range of automotive applications. The website also details training courses and consulting services, highlighting expertise in automotive EE architecture and time-sensitive networking. The company even offers services to help with charging communication analytics.

Financially, Cetitek Ltd presents a concerning picture. Net losses have deepened to -£5,100, while cash reserves have fallen to £1,400. Bank borrowings have increased significantly, reaching £8,500, and trade debtors are at £500. While creditors have decreased slightly, the overall trend indicates a company burning through money. The lack of employees (only one reported) suggests a lean operation, but the negative equity raises questions about its long-term viability. The accounts are unaudited, which is typical for small companies, and there is no auditor mentioned. It seems like the company is struggling to generate profits, despite its specialized expertise and high-value products.

Registered in England/Wales under the registration number 12604144, with a registered address at SG14 1BP, Hertford, Hertfordshire, Belfry House, Bell Lane.

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