Clicks Technology Ltd

Clicks Technology Ltd is a small, holding company based in London, UK, with an active status. Founded just two years ago in April 2023, the company employs only two people and holds £704,290 in assets. It operates from a virtual address – twenty-three other companies are registered at the same location – and is overseen by four directors and one owner. Clicks Technology Ltd is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with its last import operation occurring in October 2024. The company’s website is currently unavailable.

The business operates in the manufacture of consumer electronics industries. Its status as a holding company suggests it may own or control other businesses, though details on these are not publicly available. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the virtual address raises questions about its physical presence.

Financially, Clicks Technology Ltd presents a mixed picture. Current assets remain stable at £700,000, but net assets are negative at -£790,000, indicating accumulated losses. Bank overdrafts are steady at £2,300, and cash reserves are healthy at £120,000. Creditors are significant at £1,500,000, and trade debtors are £64,000. The company’s unaudited accounts, prepared using FRS 102, show a focus on managing short-term liabilities. There is no auditor mentioned, which is typical for small companies.

The negative equity suggests the company may be burning through money, perhaps reinvesting heavily in its operations or facing challenges in generating profit. The reliance on creditors to fund operations could become unsustainable if sales don't improve. Despite these challenges, the strong cash position provides a buffer, and the company's focus on consumer electronics—a dynamic and competitive sector—offers potential for growth.

Registered in England/Wales under the registration number 14816776, with a registered address at WC2A 3TH, England, London, 2 Stone Buildings.

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