Ghazi Hitech Limited

Ghazi Hitech Ltd from Blackburn UK: a small, active company founded 11 years ago, employs four people, and holds £436,487 in assets. It’s a real address, managed by one director and one owner, and currently has a low Google rating of 1.0 based on just one review. The company regularly imports and exports electrical machinery and equipment, with 24 months of import activity and 3 months of export activity.

The company’s website is unavailable, so it’s difficult to determine the exact nature of its operations beyond the import/export activities. However, the company operates in the retail sale via mail order houses or via internet industries.

Financially, Ghazi Hitech Ltd presents a mixed picture. Current assets increased by 24% to £440,000, while net assets rose by 61% to £38,000. However, creditors have also increased, with both within-year and after-year liabilities rising by 33% and 49% respectively. Bank borrowings have also increased, and cash reserves are up 330% to £8,000. Trade debtors have seen a huge increase, ballooning by 570%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant increase in debtors suggests potential cash flow issues. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Ghazi Hitech Ltd appears to be growing, but it’s important to monitor its ability to collect payments from customers.

Registered in England/Wales under the registration number 08642119, with a registered address at BB1 3JR, England, Blackburn, Unit No 8 Fountain Mill, Carluke Street.

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