Hi-tech Automation Limited

Hi-Tech Automation Ltd, based in Higham Ferrers, UK, is a small holding company with an active status. Established 29 years ago in 1996, the company employs 16 people and holds assets totaling £2,155,617. While it has a registered address, it’s likely a virtual one, as 99 other companies are also registered there. The business is managed by three directors and has one owner. Hi-Tech Automation regularly imports and exports machinery, boilers, and mechanical appliances, with parts—29 months of import activity and 23 months of export activity recorded.

The company's website, HitechAutomation, focuses on providing “cutting-edge solutions” in industrial automation. It highlights its partnership with IFM, offering real-time maintenance monitoring and plug-and-work software and hardware solutions. The site also mentions a separate venture, 10Link, a worldwide open-standard protocol for industrial communications. The company’s core business appears to be engineering design activities for industrial process and production industries.

Financially, Hi-Tech Automation Ltd presents a mixed picture. Creditors have surged dramatically, increasing by 130% to £1,700,000, while net assets have fallen by 40% to £480,000. Cash reserves have also decreased by 5.9% to £1,000,000. However, bank borrowings have been reduced significantly, dropping by 100% to zero. Trade debtors have ballooned by 130%, suggesting potential issues with customer payments. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in equity warrants further investigation. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The significant increase in creditors, alongside the decrease in equity, suggests the company may be facing cash flow challenges. However, the reduction in bank borrowings indicates a conscious effort to manage debt. It’s possible the company is investing in growth, but the financial data suggests it’s operating on a tighter margin than previously.

Registered in England/Wales under the registration number 03175198, with a registered address at NN10 8BW, Higham Ferrers, Northamptonshire, Carlton House, High Street.

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