Geotek.biz Associates Limited

Geotek Biz Associates Ltd from Runcorn UK: a small, active company founded fifteen years ago, employs six people, and holds £366,123 in assets. It’s a family business with two directors and two owners, boasting a perfect 5.0 Google rating from a single review. The company regularly imports and exports electrical machinery and equipment, with 30 months of import activity and 95 months of export activity.

The company operates in the other information technology service activities industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s registered address is real, with only one other company registered there.

Geotek Biz Associates Ltd’s financial data reveals some concerning trends. While current assets are at £370,000, a 29% decrease from the previous year, net assets have fallen even more dramatically, dropping 22% to £420,000. Bank borrowings have also increased, rising by 2.1% to £25,000. However, creditors have decreased by 12%, suggesting better debt management. The company’s directors loans have also changed, with advances to directors decreasing by 100% and repayments increasing by 82%.

The company’s financial statements are unaudited, as it is exempt due to its small size. The decrease in net assets and cash reserves, combined with the increase in bank borrowings, suggests the company is facing financial pressures. It’s possible that the company is investing in growth, but it’s also possible that it is struggling to manage its cash flow. The decrease in cash reserves is particularly concerning, as it could make it difficult for the company to meet its short-term obligations.

Registered in England/Wales under the registration number 07162835, with a registered address at WA7 1QF, England, Runcorn, Cheshire, Unit 4 Astmoor Industrial Estate, Goddard Road.

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