Freeform Technology Ltd

Freeform Technology Ltd from Berkhamsted UK: a small, active company founded 17 years ago, employs 24 people, and holds £1,625,662 in assets. It’s a family business with five directors and four owners, operating from a virtual address – a detail flagged by the fact that 44 other companies are registered at the same location. The company irregularly imports and exports machinery, boilers, and mechanical appliances, parts, with recent activity recorded a year ago.

The company's website doesn't provide much detail, so it’s difficult to determine if they have an e-commerce presence. However, the company operates in the manufacture of other parts and accessories for motor vehicles.

Financially, Freeform Technology Ltd shows some concerning trends. While net assets increased by 32%, rising to £1.2 million, cash reserves also jumped by 27%, reaching £860,000. However, trade debtors have ballooned by a staggering 59%, reaching £710,000 – a sign that customers are taking longer to pay. Creditors also increased by 66%, rising to £760,000. Bank borrowings remained stable, and the company’s workforce grew slightly, with an increase of 12% to 27 employees. The company meets the criteria to be a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The increase in trade debtors is something to watch closely. It could be a temporary blip, or it could indicate challenges in managing cash flow. The company’s growth in employees suggests they are expanding operations, but it will be important to monitor their financial performance to ensure they can sustain this growth.

Registered in England/Wales under the registration number 06555053, with a registered address at HP4 2BL, England, Berkhamsted, Hertfordshire, 90a High Street.

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