Cteq Ltd.

Cteq Ltd from Ipswich UK: a small, active company founded nineteen years ago, employs six people, and holds assets of £2,070,355. With a real address, two directors, and one owner, it’s a relatively compact operation. The company regularly imports and exports optical and medical tools and devices, with 17 months of import activity and a substantial 131 months of export activity—the latest export in December 2024.

Cteq Ltd positions itself as a leading provider of Engineering Procurement and Contracting Solutions. Its website highlights a focus on procurement and sourcing, catering to sectors like healthcare, education, and utilities. The company emphasizes a wealth of relevant knowledge, know-how, and experience, offering tailored services to help clients get more value from their business. It's a B2B operation, not an e-commerce site; it facilitates procurement rather than selling directly to consumers. The company's expertise covers a broad range of services, from identifying cost savings to managing supplier relationships.

Financially, Cteq Ltd shows some concerning trends. While its current assets are steady at £2.1 million, net assets have declined by 9.2% to £1.2 million. Bank borrowings have decreased by 8.3% to £550,000, and cash reserves have fallen by 27% to £320,000. Creditors have also decreased by 19%, which is a positive sign. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the drop in equity is a point of concern. The number of employees has also decreased by 17%, down to five. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on procurement and its established presence in the market suggest a solid foundation. However, the recent financial declines warrant attention. It’s likely that the company is facing increased competition or experiencing some operational challenges, but the long-term impact remains to be seen.

Registered in England/Wales under the registration number 05600854, with a registered address at IP1 1UR, England, Ipswich, Ipswich, Franciscan House 51 Princes Street, Regus.

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