Conet Ltd

Conet Ltd is a small, active company registered in Bordon, UK, with a history spanning eight years. Founded in 2016, it employs just three people and holds £261,517 in assets. The company operates from a real address and is led by one director and owner. While it's an irregular importer of optical and medical tools and devices (with just two months of import activity recorded), it’s a regular exporter, boasting 16 months of export activity, primarily with the same types of tools and devices. Conet Ltd’s business involves wholesale of radio, television goods & electrical household appliances and retail sale via mail order houses or via internet industries.

The company’s website, conet.hu, reveals a more detailed picture. It's an IT system integrator and network service provider based in Budapest, Hungary, offering services ranging from system integration to partner relationship management. The website highlights a commitment to ensuring reliable and continuous service for clients, and emphasizes the importance of IT systems in modern life. It's clear the UK entity is a subsidiary or related business, possibly focused on sales and distribution within the UK market.

Financially, Conet Ltd presents a mixed bag. Cash bank on hand decreased by 9.2% to £150,000, while other inventories increased significantly by 69%, reaching £67,000. Trade debtors decreased by a substantial 91%, suggesting a possible shift in credit policies or improved collections. However, bank borrowings decreased by 18%, which is a positive sign. Net assets also decreased by 22%, dropping to £4,200, which is a concern. 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 it to remain flexible, but the decline in equity warrants closer attention. No auditor is mentioned, which is typical for small, exempt companies.

Overall, Conet Ltd seems to be navigating a period of change. The increased inventory suggests a focus on sales, while the fluctuating financials indicate a need for careful management. The Hungarian parent company's expertise in IT systems integration could be a valuable asset, but the UK entity's financial health requires ongoing monitoring.

Registered in England/Wales under the registration number 10441160, with a registered address at GU35 0NF, England, Bordon, Lion Court, Farnham Road.

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