Euro It Solution Ltd
- Active
- Small
- 11 years
- 6 employees
- £459,815 (assets)
- Regular importer
- Regular exporter
- Real address
- 1 director
- 1 owner
- London
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Euro It Solution Ltd, based in London, UK, is a small, active company established ten years ago in 2014. With six employees and £404,607 in assets, it operates from a real address and is managed by one director and owner. The company runs an e-commerce site and is a regular importer and exporter of electrical machinery and equipment, with 147 months of import activity and 103 months of export activity recorded.
The company's website showcases a wide range of IT hardware and solutions, including CPUs, monitors, and networking equipment. It emphasizes its ability to empower digital futures and offers discounts on various products, catering to both gaming and professional needs. The site also features a blog with articles on networking and gaming, demonstrating a focus on providing value beyond just product sales.
Financially, Euro It Solution Ltd presents a mixed picture. Cash bank on hand decreased by 16%, falling to £270,000, while bank overdrafts increased by 27%, reaching £96,000. Creditors decreased significantly, dropping 41% to £260,000, suggesting improved debt management. However, trade debtors soared by 200%, jumping to £120,000, which could indicate challenges in collecting payments. Equity increased by 30%, reaching £120,000, but total inventories plummeted 90%, falling to just £20,000.
The company's small size (meeting two of three criteria for a small company) allows for flexibility, but the increase in overdrafts and the substantial rise in trade debtors are points of concern. The unaudited accounts, typical for a small company, rely on director-reported data. Despite these financial nuances, Euro It Solution Ltd appears to be a functioning e-commerce business with a focus on IT hardware—although its ability to sustain growth will depend on managing its debtors and maintaining a healthy cash flow.
Registered in England/Wales under the registration number 09143633, with a registered address at NW10 7XP, England, London, Suite S7 Rays House, North Circular Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 9 years
- 2
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 11 years
- 2
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted one month ago.
Last news
-
Confirmation statement made on 2025-07-23 with no updatesDownload 3 pages pdf report
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Total exemption full accounts made up to 2024-07-31Download 7 pages pdf report
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Compulsory strike-off action has been discontinuedDownload 1 page pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Euro It Solution Ltd
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