Comtec Int Uk Limited

Comtec Int Uk Ltd, based in Hull, UK, is a small, active company established nine years ago. With eight employees and £1,153,852 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports and exports clothing and accessories, not knitted or crocheted, with a history of 70 months of imports and 16 months of exports.

The company's website, while not providing detailed e-commerce specifics, indicates a focus on wholesale of clothing and footwear, and non-specialised wholesale trade. It’s likely they supply other businesses rather than selling directly to consumers.

Financially, Comtec Int Uk Ltd presents a mixed picture. While cash reserves saw a dramatic increase of 53,000%, jumping to £77,000, trade debtors experienced a significant drop of -31%, settling at £320,000. Creditors also increased by 7.5%, reaching £830,000. A notable trend is the substantial rise in total inventories, up 43% to £760,000, suggesting a build-up of stock. Depreciation charges on plant and machinery decreased by 44%, which is a positive sign. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the fluctuating debtor and creditor balances warrant closer monitoring. The company’s auditor, Smailes Goldie, provided an opinion on the financial statements.

Overall, Comtec Int Uk Ltd appears to be navigating a period of change. The increase in cash reserves is encouraging, but the rise in inventories and the shifts in debtor and creditor balances suggest potential challenges in managing working capital.

Registered in England/Wales under the registration number 10068881, with a registered address at HU8 8HL, England, Hull, Unit B2 Chamberlain Road Business Park, Chamberlain Road.

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