Futurtek Ltd

Futurtek Ltd, based in Stevenage, UK, is a small holding company with an active status. Established 26 years ago in 1999, it employs just three people and holds assets valued at £697,986. The company operates from a real address and is led by one director and one owner. Notably, Futurtek Ltd runs an e-commerce site, specializing in the wholesale and retail of electronic and telecommunications equipment. It also imports and exports electrical machinery and equipment, with 7 months of import activity and 38 months of export activity.

The company's website showcases a vast range of products, from Samsung and Huawei phones to Wera tools and service kits, catering to a diverse customer base. It even offers currency selection, allowing customers to view prices in various currencies. The site's design is clean and functional, with a focus on product browsing and secure checkout.

Financially, Futurtek Ltd presents a mixed picture. Cash reserves have seen a remarkable increase, jumping 3,100% to £380,000, a significant boost. However, net assets also increased by 94%, reaching £530,000, which is a good sign. Bank borrowings have dramatically decreased, falling 84% to just £5,600—a positive trend. Creditors, however, have risen by 89%, reaching £140,000, which could indicate increased reliance on supplier credit. Trade debtors have decreased by 7.8%, suggesting improved collection of payments. The company’s small size—meeting two of three criteria for being considered small—allows for flexibility, but the rise in creditors warrants attention. As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, Futurtek Ltd seems to be navigating a period of change, with strong cash flow growth offset by rising debt. The company’s e-commerce focus and diverse product range suggest a commitment to online retail, but the financial details highlight the challenges of managing growth in a competitive market.

Registered in England/Wales under the registration number 03721592, with a registered address at SG1 2FP, England, Stevenage, Hertfordshire, Unit A Gateway 1000, Whittle Way.

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