Highgate It Solutions Ltd

Highgate IT Solutions Ltd, based in London, UK, is a small, active company founded 14 years ago. With 17 employees and £3,036,711 in assets, it operates from a virtual address and is led by one director and one owner, boasting a perfect 5.0 Google rating from just two reviews. The company’s status as a small business is confirmed by meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company's website showcases a broad range of IT solutions, from cloud security and networking to managed services and telecommunications. It's not strictly an e-commerce site, but rather a platform for showcasing services and attracting clients. Highgate IT Solutions positions itself as a “Trusted IT Partner,” emphasizing tailored solutions, a “Great Place to Work” certification, and a focus on employee wellbeing. The site highlights a commitment to sustainability, including a Carbon Neutral Plus certification, and even features a partnership with VMhosts for data backup solutions. The site also details a significant history of growth, including achieving sales milestones and awards recognition.

Financially, Highgate IT Solutions Ltd presents a mixed picture. While current assets increased by 13% to £3,000,000, net assets decreased by 1.5% to £1,200,000. Bank borrowings increased significantly, reaching £29,000, and cash reserves fell 8.6% to £820,000. Creditors rose by 26% to £1,800,000, and trade debtors increased by 24% to £2,200,000. A notable increase in average employees during the period, rising 65% to 28, suggests expansion, but also potentially increased operational costs. The company’s unaudited accounts, exempt due to its small size, rely on director-reported data. Prepayments and accrued income increased significantly, which may indicate a shift in payment terms or increased upfront costs.

Overall, Highgate IT Solutions Ltd seems to be growing, but the increase in debt and decrease in equity suggest it's burning through cash a little faster than it’s bringing it in. The company's focus on employee wellbeing and sustainability, alongside its range of IT services, positions it well for continued growth—though careful financial management will be key.

Registered in England/Wales under the registration number 07260520, with a registered address at EC1V 2NX, England, London, 124 City Road.

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