Fx Technology Limited

Fx Technology Limited is a small, holding company based in London, UK, with an active status. Founded six years ago in 2018, the company has seven employees and holds £2,328,026 in assets. It operates from a virtual address, registered at 2 Stone Buildings, Lincoln's Inn, which is shared by twenty-three other companies, raising questions about its physical presence. The company is overseen by three directors and one owner, Livermorium Ltd.

The company's primary activities involve importing and exporting electrical machinery and equipment. It has been importing for 21 months, with the latest import recorded in November 1, 2024, and exporting for 5 months, with the last export recorded on April 1, 2023. The company’s website, FX Technologies, LLC, promotes itself as providing a “complete suite of IT solutions,” targeting small to midsize companies. It offers managed IT solutions, cloud computing services, and secure IT solutions, emphasizing 24/7 monitoring and support. The site also mentions a Capital District base and targets productivity and network security.

Financially, Fx Technology Limited shows some concerning trends. Accumulated depreciation for plant machinery increased by 42%, and for vehicles by 36%, suggesting increased investment in equipment. However, cash bank on hand plummeted by a significant 89%, leaving only £12,000. Bank borrowings also decreased by 32%, which is good, but net assets dropped by 57%, resulting in a negative equity of -£26,000. Creditors decreased by 32%, which is a positive sign, but the sharp decline in cash and negative equity are worrying. 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 flexibility, but the equity drop and cash depletion suggest potential financial strain. There’s no auditor mentioned, so the figures are unaudited.

The company’s focus on IT solutions and its website’s professional presentation suggest a service-oriented business, but the financial data indicates a company possibly burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 11602958, with a registered address at WC2A 3TH, England, London, 2 Stone Buildings, Lincoln's Inn.

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