Fifteen Group Limited

Fifteen Group Ltd from Stoke-On-Trent UK is a small, active company founded nineteen years ago. Employing thirty-one people, it holds assets valued at £1,648,089 and operates from a real address. The business is a family affair, overseen by five directors and three owners. It regularly imports electrical machinery and equipment (for nineteen months), and occasionally exports similar items (for just one month).

The company’s website, fifteen-group.co.uk, describes itself as a provider of IT support and services. While the site doesn’s offer direct e-commerce, it highlights the company’s expertise in areas like cloud solutions, managed services, and cybersecurity. It seems to focus on providing consultancy and support to businesses rather than selling products directly.

Financially, Fifteen Group Ltd’s numbers present a mixed picture. While current assets remain stable at £1,600,000, net assets have fallen by 16% to £290,000. Bank borrowings have decreased by 46%, which is a positive sign, but cash reserves have dropped significantly by 60% to £140,000. Trade debtors have increased by 8.2%, which could indicate a delay in customer payments. The company’s small size (meeting two of three conditions for being small) helps it remain flexible, but the decline in equity warrants attention. No auditor is mentioned, which is common for small, exempt companies.

The company’s average number of employees increased by 35% to forty-two, which could be a sign of growth, but it also means increased operational costs. The trend of decreasing cash reserves, despite stable assets, suggests the company might be burning through money faster than it’s bringing it in, but this could be a temporary situation due to investments in growth.

Registered in England/Wales under the registration number 05711050, with a registered address at ST1 3JJ, England, Stoke-On-Trent, Staffordshire, Suite 1, Third Floor, Churchill House, Regent Road.

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