E-trade Tech Limited

E-trade Tech Limited, based in London, UK, is a small, active company founded 14 years ago in 2011. With 37 employees and £1,347,996 in assets, it operates from a real address and is managed by two directors and a single owner. The company holds a Google rating of 1.0 based on 24 reviews, indicating room for improvement in customer perception. It regularly imports machinery, boilers, and mechanical appliances, parts, with the last import operation recorded three months ago, and exports electrical machinery and equipment, with the last export operation taking place five months ago.

The company’s website, while not providing detailed e-commerce functionality, indicates a focus on the retail sale of second-hand goods in stores and via mail order and internet industries. It’s unclear if the company has a fully functional online store, but the listing suggests a blend of physical and digital sales channels.

Financially, E-trade Tech Limited presents a mixed picture. Current assets have declined significantly, dropping 54% to £1,300,000, while net assets have increased by 12% to £1,400,000. Cash bank on hand has plummeted 74%, falling to £600,000, which could indicate increased investment or operational expenses. Creditors have decreased by 81%, which is a positive sign of improved debt management, but the substantial drop in cash reserves warrants closer scrutiny. The company meets the criteria for a small business, with turnover likely under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The accounts are abridged and unaudited, with no auditor mentioned, relying on director-reported data.

The company’s significant decrease in cash reserves, despite an increase in net assets, suggests it may be burning through money faster than it’s generating it. The drop in bank reserves could be a result of increased investment in inventory or marketing, or it could indicate underlying operational challenges. The decrease in employees, from 37 to 33, could be a cost-cutting measure, or it could reflect a restructuring of the workforce. The company's reliance on retained earnings, which increased from £970,000 to £1,100,000, suggests it’s reinvesting profits back into the business, but the long-term sustainability of this strategy depends on generating consistent revenue.

Registered in England/Wales under the registration number 07493281, with a registered address at E15 1XQ, England, London, 82 The Mall Stratford, The Stratford Centre.

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