Fets Tech Ltd

Fets Tech Ltd is a small, active company registered in London, UK, established two years ago in October 2022. It operates from a virtual address, a common trait for smaller businesses, and is led by a single director and owner, Resit Urhan Harun, who also acts as the solo founder. The company’s status is active, and it’s classified as a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It's an irregular importer, primarily dealing in electrical machinery and equipment, with a recent import recorded in June 2023.

The company's website showcases a focus on energy storage and battery management solutions, alongside electronic components. It caters to industries like medical services, military, and space applications, emphasizing quality components and competitive pricing. Fets Tech positions itself as a global supplier, working with over 500 manufacturers and offering a mission to provide futuristic technologies and solutions. The vision is to become a top 100 technology provider in the UK, USA, and Europe within a decade.

Financially, Fets Tech Ltd presents a mixed picture. While cash reserves remained steady at £3, net assets and liabilities have increased significantly to £2,200—a substantial jump from £240. However, creditors have also increased, with short-term creditors rising to -£2,200, and other creditors increasing to -£9,400. Trade creditors and payables have also increased slightly. The company’s retained earnings accumulated losses have also increased to £2,100. The lack of employees (zero reported) suggests a lean operation, and the absence of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s financial trajectory suggests it’s burning through cash, possibly fueled by increased creditor payments. While the website projects a forward-thinking vision, the financials hint at a startup phase with challenges in managing cash flow. The reliance on a single founder and the virtual address, while common for small businesses, could also present management risks.

Registered in England/Wales under the registration number 14401071, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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