Comstrac Limited

Comstrac Ltd from London UK: a small, active company founded 23 years ago, employs just two people, and holds £891,814 in assets. Yearly revenue sits at £1,708,564, and it operates from a real address with three directors and two owners – a family business. The company regularly imports electrical machinery and equipment (7 months, latest in June 2024), and occasionally exports optical and medical tools and devices (2 months, latest in April 4 2023).

The company’s website is currently unavailable, making it difficult to determine the specifics of its operations beyond the import/export activities. It’s likely a B2B operation, given the nature of the imported and exported goods, but without a website, this remains speculative.

Financially, Comstrac Ltd presents a mixed picture. While turnover increased by a substantial 94%, reaching £1.7 million, the company experienced a significant drop in net assets, which fell by 1.8% to £510,000. Bank borrowings increased by 100%, reaching £65,000, while cash reserves grew by a remarkable 1300%, hitting £730,000. Trade debtors decreased by a considerable 86%, suggesting improved collection practices, but creditors rose by 9.6% to £400,000. The company’s small size—meeting two of three conditions for being classified as small—helps it maintain flexibility. The lack of an auditor is typical for a company of this size, meaning the financial statements are unaudited.

The sharp increase in cash reserves, coupled with the decrease in trade debtors, suggests the company has successfully managed its working capital. However, the increase in creditors and bank borrowings could indicate a need for increased funding to support growth or cover operating expenses. The company’s success hinges on maintaining its import and export activities and managing its debt levels effectively.

Registered in England/Wales under the registration number 04308653, with a registered address at N3 1DP, England, London, 315 Regents Park Road 315 Regents Park Road, Suite 4, 2nd Floor.

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