Formatt Hitech Ltd.

Formatt Hitech Ltd from Aberdare UK: a small company with an active status, was founded 21 years ago. Accounts are overdue by four months, and the company employs 23 people, holding assets valued at £521,062. It operates from a real address and is led by two directors and a solo founder. The company regularly imports and exports optical and medical tools and devices, with 64 months of import activity and 149 months of export activity.

Formatt Hitech UK’s website currently displays a prominent “We Stop Selling Temporary Until Further Notice!” message, suggesting a pause in operations. Despite this, the site provides extensive information about the company and its products. It’s clear they’re a manufacturer of high-quality filters for photography, cinematography, and broadcast. The website highlights a range of products, including 100mm and 85mm filter kits, cinema filters, and accessories. They also feature "Signature Edition" filter kits curated by professional photographers and a dedicated section for "Onyx" toughened glass filters. The website’s extensive product catalog and detailed technical information demonstrate a commitment to serving the professional market.

Financially, Formatt Hitech Ltd's report reveals a mixed picture. Accumulated amortisation for intangible assets increased by 9.9%, while depreciation for property, plant, and equipment rose by 1.2%. Bank borrowings have decreased, and cash reserves are down 12%. Creditors have increased significantly, and net assets have fallen by 13%. While the company’s small size (meeting two of three criteria for a small company) offers flexibility, the decrease in equity and cash reserves could indicate financial strain. The company’s trade debtors have fallen dramatically, which could be a positive sign of improved collections, or a reflection of reduced sales. No auditor is mentioned, which is common for smaller companies.

Overall, Formatt Hitech Ltd appears to be a well-established manufacturer facing temporary challenges. The pause in sales, combined with the financial data, suggests a period of restructuring or strategic review. The company’s strong reputation and focus on high-quality products position it well for a potential rebound, but the current situation warrants careful monitoring.

Registered in England/Wales under the registration number 05041874, with a registered address at SA1 4PT, Swansea, 63 Walter Road.

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