Format Limited

Format Limited is a small, active company based in Warwick, UK, founded two years ago in July 19, 2022. It holds £48,055 in assets and operates from a virtual address, registered at Innovation Centre, Gallows Hill, which is shared by 172 other companies. With four directors and two owners, the company is a regular importer of electrical machinery and equipment, with 17 months of import activity recorded, the latest in October 2024. It also exports machinery, boilers, and mechanical appliances, though irregularly, with just two months of export activity noted, the last in August 2024. The company operates in the other information technology service activities industries.

The company's website, formatltd.eu, showcases a focus on server and storage solutions, positioning itself as a manufacturer of powerful systems tailored to businesses worldwide. It highlights high-performance servers, scalable growth options, top-tier security, and custom solutions, partnering with Promise Technology Inc. to offer innovative storage solutions. The site also features a contact form and login area. It's a modern, professional site geared towards B2B sales, emphasizing reliability and expertise.

Financially, Format Limited presents a mixed picture. Cash bank on hand has seen a significant increase, jumping 340% to £29,000, while current assets have increased by 500% to £48,000. However, net assets have plummeted 58% to -£1.1 million, and creditors have risen 65% to £1.1 million. Trade debtors have increased dramatically, by 1,300%, to £19,000. 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 substantial equity decline suggests it's burning through money. With no auditor mentioned, the figures are unaudited.

The sharp increase in creditors, combined with the negative equity, indicates that Format Limited is facing financial pressure. The company’s focus on high-performance servers and partnerships with established technology providers suggests a strategy of specialization, but the financial data reveals a need for careful management.

Registered in England/Wales under the registration number 14243659, with a registered address at CV34 6UW, United Kingdom, Warwick, Innovation Centre, Gallows Hill.

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