Flexible Networking Solutions Ltd

Flexible Networking Solutions Ltd is a small, active company based in Redditch, UK, founded thirteen years ago in 2012. With £2,195,080 in assets and a real address, it employs ten people and is run by three directors and two owners—a family business. The company operates in the IT sector, offering other information technology service activities. It’s a bit of an irregular importer, bringing in machinery, boilers, and mechanical appliances for about one month out of the year, with the last import operation occurring in March 2023. Similarly, it exports miscellaneous metal items for around one month annually, with the most recent export in January 2024.

The company’s website is minimal, offering little insight beyond its core services. It appears to be primarily a business-to-business operation, rather than an e-commerce site aimed at consumers. There’s no obvious online store or product catalog, suggesting a focus on providing IT services and solutions directly to clients.

Financially, Flexible Networking Solutions Ltd shows some positive trends. Current assets increased by 28%, reaching £2,200,000, while net assets grew by 22%, hitting £1,800,000. Cash reserves also saw a significant boost, rising 56% to £1,400,000. Trade debtors decreased slightly by 6.4% to £390,000. However, there are some concerning signs. Bank borrowings increased significantly, surging 520% to £130,000, and provisions for liabilities increased dramatically by 1700%, reaching £23,000. Creditors also rose by 64%, hitting £380,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt and provisions warrants attention. No auditor is mentioned, which is typical for small companies.

Overall, Flexible Networking Solutions Ltd seems to be growing, but it’s also taking on more debt. The increase in provisions suggests potential liabilities or expenses that need to be managed. It’s a company that appears to be navigating a period of expansion, but it needs to keep a close eye on its financial health to ensure sustainable growth.

Registered in England/Wales under the registration number 08002700, with a registered address at B97 5SU, England, Redditch, Grangefield House, Banks Green.

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