Gadcap Technical Solutions Ltd

Gadcap Technical Solutions Ltd, based in Washington, UK, is a small, active company founded six years ago in 2018. With ten employees and £3,717,463 in assets, it operates from a real address and is managed by two directors and two owners. The company regularly imports and exports optical and medical tools and devices, with 6 months of import activity and 39 months of export activity recorded. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website is currently unavailable, making it difficult to determine the specifics of its online presence. However, its business is described as operating in the manufacture of other fabricated metal products n.e.c. industries. It’s not clear if the company operates an e-commerce site, but it’s likely focused on business-to-business sales rather than direct consumer sales.

Financially, Gadcap Technical Solutions Ltd shows a mixed picture. Current assets increased by 31% to £3,700,000, while net assets increased by 17% to £2,900,000. Bank borrowings surged by 19% to £2,600,000, and cash reserves increased by 19% to £2,600,000. Creditors decreased by 500% to £280,000, suggesting better debt management. The company’s small size helps it stay agile, but the increased bank borrowings raise questions about its funding strategy. The company’s accounts are unaudited, as it’s exempt from an audit due to its small size.

The company’s financial data indicates that it’s experiencing growth, but it’s also relying on bank funding. It’s unclear whether this is a sustainable model, but the company’s growth in assets and revenue suggests that it’s currently performing well.

Registered in England/Wales under the registration number 11635921, with a registered address at NE37 3HX, United Kingdom, Washington, 3 Rutherford Road, Stephenson Industrial Estate.

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