Digitaltechno Ltd

Digitaltechno Ltd from Barry, UK, is a small, active company founded nine years ago in 2015. With seven employees and £671,934 in assets, it’s a family business operating from a real address and managed by one director and three owners. The company has a strong online presence, evidenced by its e-commerce site and a stellar 5.0 Google rating based on 29 reviews. It regularly imports electrical machinery and equipment – 23 months of import activity recorded, the latest in July 2023 – but has only exported for five months, the last time being September 2019.

The company’s website details its operations in the retail sale of mobile telephones, retail sale via mail order houses or via internet, and retail sale of telecommunications equipment. It’s a relatively small operation, meeting two of three conditions to be considered small: turnover under £10.2 million and balance sheet total under £5.1 million, with fewer than 50 employees.

A review of the company’s financial data reveals some interesting trends. Cash reserves have increased significantly, up 180% to £83,000, while bank borrowings have decreased dramatically, falling 80% to £6,400. Creditors have also decreased, down 24% to £32,000. However, net assets have fallen by 45%, to £84,000. The company’s turnover increased by 24%, reaching £89,000. It's worth noting that the company’s losses have increased by 88%, to -£150,000. The company is taking advantage of its small size to remain agile, but the equity drop is a concern. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Digitaltechno Ltd appears to be navigating a period of change. While it has strengthened its cash position and reduced its debt, the increased losses and equity decline suggest it’s facing challenges.

Registered in England/Wales under the registration number 09574458, with a registered address at CF62 3LA, Wales, Barry, Vale Of Glamorgan, 34 Maes Y Gwenyn, Rhoose.

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