Erentek Limited

Erentek Limited, based in Lincoln, UK, is a small, family-run business with an active status, having been established 23 years ago. The company employs just three people and holds £226,099 in assets, operating from a real address and managed by three directors and two owners. It’s a regular importer of optical and medical tools and devices (eight months of activity, last in October 2024) and a regular exporter of vehicles, parts, and accessories (excluding trains and trams), with six months of export activity, last in October 2022.

The company’s website is non-existent, so it’s difficult to ascertain the specifics of their operations beyond the import/export data. It appears they are involved in the maintenance and repair of motor vehicles, and the wholesale trade of motor vehicle parts and accessories.

Financially, Erentek Limited presents a mixed picture. Current assets have decreased by 12% to £230,000, while net assets have fallen 17% to £190,000. Cash bank on hand has seen a significant drop of 21%, falling to £150,000. Trade debtors have increased substantially, rising 82% to £65,000, which could indicate delayed customer payments or a strategic move to offer more credit. However, creditors have remained steady at £74,000. The number of employees has also decreased by 33%, now standing at just two. As a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s likely exempt from an audit, and the financial statements are unaudited.

Despite the declines in assets and cash, the stable creditor levels suggest better debt management. The decrease in employees could be a result of restructuring or a shift towards automation. It's possible the company is navigating a period of adjustment, but the underlying business of importing and exporting vehicles and medical equipment seems to be continuing.

Registered in England/Wales under the registration number 04362200, with a registered address at LN5 9RT, Lincoln, Lincolnshire, Maltkiln Lane, Waddington.

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