Excotek Ltd

Excotek Ltd, based in Burnley, UK, is a large holding company with an active status, having been founded eleven years ago in 2014. Employing twelve people, the company boasts assets of £8,174,171 and maintains a real address. Led by one director and one owner, Excotek Ltd has garnered a perfect 5.0 Google rating from a single review. The company regularly imports machinery, boilers, and mechanical appliances, parts, for 52 months, with the last import operation occurring in January 01, 2025. It also exports electrical machinery and equipment for 54 months, with the last export operation also on January 01, 2025.

Excotek Ltd operates in the other information technology service activities industries, providing enterprise IT solutions, cloud connectivity, hardware as a service (HaaS), and recycling services. Their website highlights expertise in sectors like education, healthcare, and defence, partnering with companies like Fujitsu to deliver bespoke IT solutions. They even offer ISO certifications, demonstrating a commitment to quality and security.

Financially, Excotek Ltd's recent report reveals a mixed picture. While current assets increased by 92% to £8,200,000, net assets increased by 23% to £4,500,000. However, cash bank on hand decreased by a significant 68%, dropping to £690,000. Bank borrowings surged by 320%, reaching £350,000, and corporation tax payable increased dramatically, jumping 1100% to £530,000. Director remuneration also saw a sharp decline, decreasing 72% to £28,000. The company’s large size (meeting two of three criteria for a large company) suggests a more established operation, but the fluctuating cash reserves and increased liabilities raise questions about its short-term financial health. There's no auditor mentioned, so the figures are unaudited. The company is clearly focused on growth and service provision, but it will need to carefully manage its finances to ensure long-term stability.

Registered in England/Wales under the registration number 08907826, with a registered address at BB12 7NG, England, Burnley, Suite 203, Group First House 12a Mead Way, Padiham.

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