Digital Tec Ltd

Digital Tec Ltd, based in London, UK, is a small, active company established thirteen years ago in 2012. With two employees and £627,832 in assets, it operates a virtual address and is managed by two directors and owners. The company runs an e-commerce site and regularly imports electrical machinery and equipment, with 15 months of import activity recorded, the last in June 2024. It primarily engages in retail sale via mail order houses or via internet industries.

The company’s website, while not extensively detailed, suggests a focus on online retail. The site’s presence indicates a commitment to e-commerce, though specifics about product offerings or target markets aren't readily available. It’s clear the company is leveraging the internet to reach customers.

Financially, Digital Tec Ltd presents a mixed picture. Net current assets liabilities have plummeted by a staggering 2400%, landing at -£40,000. Cash bank on hand has also decreased by 45%, down to £2,000. Bank borrowings have increased by 4%, reaching £26,000. Creditors have risen by 11%, now standing at £670,000, and trade debtors have increased by 6.5%, reaching £600,000. Equity, however, has taken a severe hit, dropping 1600% to -£40,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

These figures suggest Digital Tec Ltd is facing financial headwinds. The significant drop in equity and the negative net current assets liabilities are concerning. While the increase in debtors could indicate growing sales, it also raises questions about payment collection. It's possible the company is investing heavily in growth, but the financial data suggests it's burning through money. The company’s directors will need to address these challenges to ensure long-term sustainability.

Registered in England/Wales under the registration number 07948412, with a registered address at W1B 3HH, London, Third Floor, 207 Regent Street.

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