Conectid Limited

Conectid Ltd from Reading UK: a small company with an active status, was founded 7 years ago. Accounts are overdue by 4 months, and the company employs 3 people, holding assets valued at £2,097,664. It’s led by 3 directors and owned by a solo founder, Christofi Michalakis. The company regularly imports art and antiques, with 32 months of import activity recorded.

Conectid operates as a technology group focused on sustainable consumer solutions, with a network of subsidiaries including PopArtFusion, Appliance Book, OnHardware, and Conectid Robotics. These subsidiaries each contribute to a comprehensive approach to consumer goods, emphasizing sustainability, innovation, and ethical practices. PopArtFusion merges art with technology, Appliance Book provides resources for smart home appliances, OnHardware connects Europe with eco-friendly electronics, and Conectid Robotics advances robotic solutions. The website highlights a commitment to pioneering sustainable consumer solutions and a vision of leading in the design and distribution of innovative goods.

Financially, Conectid Ltd’s recent report shows some concerning trends. While cash bank on hand increased dramatically by 1300% to £370,000, net assets decreased by 12% to £1,100,000. Bank borrowings decreased by 17% to £42,000. Trade debtors increased significantly by 30% to £1,200,000, suggesting a reliance on customer payments. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the decline in net assets is a point of concern. The lack of an auditor mentioned, likely due to its status as a small company, means the figures are unaudited.

It appears the company is navigating challenges, potentially linked to the increased trade debtors. The focus on sustainable solutions and diverse subsidiaries suggests a strategic approach, but the financial data indicates a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 10810165, with a registered address at RG6 1PT, England, Reading, Berkshire, Conectid Group 400 Thames Valley Park Drive, Thames Valley Park.

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