Dy-tech Ltd

Dy-Tech Ltd, based in Sussex, UK, is a small, active company founded 20 years ago. With 13 employees and £421,688 in assets, it’s a well-established business run by two directors and a solo founder. The company operates from a real address and has a long history of importing electrical machinery and equipment – 30 months worth, with the latest import in September 2024. It also exports occasionally, with one month of activity recorded as of September 2020.

Dy-Tech’s website reveals a focus on PCB assembly and electronic manufacturing, catering to the UK electronics market. They offer contract PCB assembly, surface mount PCB assembly, and through-hole PCB assembly services, targeting sectors from commercial and industrial to medical. The website highlights their expertise in high-quality PCB population, final assembly, box build, and testing, emphasizing a commitment to supporting UK businesses. They also boast a low-throughput staff and investment in the latest technology.

Financially, Dy-Tech Ltd presents a mixed picture. Accumulated depreciation on computer equipment has increased by 36%, while furniture fittings have seen a more substantial 18% rise. Bank borrowings have spiked by a significant 190%, reaching £10,000, and cash reserves have decreased by 4.5% to £120,000. Creditors have fallen sharply, down 70% to £160,000, suggesting improved debt management. Current assets have also declined by 47% to £420,000, and trade debtors have plummeted 66% to £140,000. Equity, however, has grown by 6.8% to £350,000. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Dy-Tech Ltd appears to be navigating a period of change. While the decline in current assets and cash reserves is concerning, the reduction in creditors and growth in equity indicate some financial stability. The company’s specialization in PCB assembly and commitment to quality positions it well for continued success, although the sharp increase in bank borrowings warrants closer monitoring.

Registered in England/Wales under the registration number 05191166, with a registered address at BB9 6EW, Nelson, Lancashire, First Floor 98-100 Gisburn Road, Barrowford.

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