Digilec Limited

Digilec Ltd from Cheshunt UK: a small, active company founded 13 years ago, employs four people, and holds £80,821 in assets. It has a real address, is managed by one director and owner, and is an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of imports recorded as of February 2023.

The company's website showcases a diverse range of services, including access control, CCTV systems, intruder alarms, audio visual installations, and even Starlink broadband setup. Digilec caters to both residential and commercial clients, with a focus on providing tailored solutions. The site’s layout suggests a modern, service-oriented business, with detailed descriptions of each offering and a clear call to action for potential customers. It seems to be primarily a service provider, not an e-commerce business.

Financially, Digilec Ltd presents a mixed picture. Cash bank on hand has increased significantly by 350% to £33,000, which is a positive sign. However, net assets have risen by 27% to £31,000, and bank borrowings have decreased by 8.3% to £7,000. Creditors have decreased by 6.9% to £14,000. It's a small company, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The increase in loans from directors by a staggering 4,700% to £10,000 is notable and could indicate investment or a short-term funding need. The company is exempt from an audit, so the financial statements are unaudited.

Overall, Digilec Ltd appears to be a stable, albeit small, business. The increase in cash reserves is encouraging, but the reliance on loans from directors warrants further monitoring. The company’s focus on specialized services and its real address suggest a solid foundation, but the financial data hints at a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 07740341, with a registered address at EN8 9EL, Cheshunt, Hertfordshire, 210 Churchgate Road.

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