Devtank Ltd

Devtank Ltd, based in Derby, UK, is a small, active company founded eleven years ago in 2014. Employing ten people and holding £149,948 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports electrical machinery and equipment—three months of import activity recorded—but has only exported sporadically, with just one month of activity noted back in 2017.

The company’s website, Devtank, positions itself as a provider of “business solutions” for the testing, measurement, and automation industries. It offers a range of products and services, including test, measurement, and automation solutions, as well as smart monitoring solutions. It also has a section dedicated to “OpenSmartMonitor” and “HILTOP,” suggesting a focus on innovative technologies. The site highlights partnerships and awards, indicating a commitment to quality and recognition within its sector.

Financially, Devtank Ltd presents a mixed picture. Accumulated depreciation for computer equipment decreased by 17%, while furniture fittings saw an impressive 82% increase. Bank borrowings have surged by a substantial 150%, reaching £140,000, and cash reserves are down 1.8% to £520. Creditors have also increased significantly, up 22%. Despite this, net assets have fallen by 140% to -£7,100, a concerning trend. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity warrants attention. The lack of a named auditor, likely due to its small size, means the figures are unaudited.

Overall, Devtank Ltd appears to be navigating a period of change. While its business solutions and partnerships suggest a promising future, the financial data indicates a need for careful management and possibly, a focus on improving profitability.

Registered in England/Wales under the registration number 08973706, with a registered address at DE3 0BX, England, Derby, Derbyshire, Unit 1, Grassy Court Etwall Road, Mickleover.

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