Flowtech Ltd

Flowtech Ltd, based in Bournemouth, UK, is a small, active company founded eight years ago in 2016. It's a solo-founder operation with one director and one owner, Falade Niran Oldipo, and operates from a virtual address shared by fifty-seven other companies. With just one employee, the company focuses on importing and exporting machinery, boilers, and mechanical appliances, parts – 154 months of imports and 33 months of exports recorded. The company’s website highlights its role as a manufacturer of PVC, HDPE, PPR, and LDPE pipes and fittings, serving water reticulation, sewer, drainage, cable ducts, and borehole applications. It boasts ISO 9001:2015 certification and aims to be the leading choice for quality pipe and fitting solutions in the SADC region.

The company’s website, Flowtech, is clearly focused on e-commerce, showcasing a wide range of pipes and fittings. It emphasizes quality, innovation, and a commitment to customer satisfaction, with a mission to provide value-for-money products and services. The site also details the company’s vision for dynamic growth and product innovation, aiming to become a leading supplier in the region. It's a well-designed site with clear product categories, certifications, and contact information.

Financially, Flowtech Ltd presents a mixed picture. While the company is exempt from an audit, the unaudited accounts reveal a concerning trend. Retained earnings and accumulated losses plunged by 28%, ending at -£3,200, and net assets also decreased to -£3,200. Bank overdrafts increased slightly to £450, and trade creditors and payables rose by 92% to £480. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity suggests it’s burning through cash. The company’s revenue recognition policy states that turnover is measured at the fair value of the consideration received, but it doesn’s clear how this impacts the company’s financial stability.

Registered in England/Wales under the registration number 10429111, with a registered address at BH1 2EF, England, Bournemouth, Bourne House, 23 Hinton Road.

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