Cityev Ltd.

Cityev Ltd, based in Portsmouth, UK, is a small, active company founded 14 years ago in 2011. With nine employees and £1,079,360 in assets, it operates from a virtual address—a fact highlighted by the presence of 45 other companies registered at the same location. The company is led by four directors and owned by two individuals, though the list of owners was changed eight years ago.

Cityev Ltd specializes in the manufacture of electricity distribution and control apparatus, supplying EV charge points for business, home, and public use. Its website showcases a dedication to expanding the UK’s electric vehicle charging infrastructure, with a focus on simple operation for drivers and flexible facilities for operators. The company designs and develops AC charge points and systems, offering a range of products and services, including installation, maintenance, and support. It also exports electrical machinery and equipment.

Financially, Cityev Ltd presents a mixed picture. While the company's net assets liabilities have decreased by 29%, dropping from £380,000 to £270,000, bank borrowings have decreased by 50%, falling to £4,600. Cash reserves have also declined significantly, dropping 41% to £420,000. Trade debtors have increased substantially, rising 220% to £390,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity raises questions. With no auditor mentioned, the figures rely on unaudited statements. The company’s exceptional item charge of £111,232, related to overpayments in prior periods, also impacts the financial results.

Registered in England/Wales under the registration number 07487816, with a registered address at PO2 8FA, United Kingdom, Portsmouth, Hampshire, Portsmouth Technopole, Kingston Crescent.

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