Hitec Instruments Limited

Hitec Instruments Ltd, based in Liverpool, UK, is a small, active company founded six years ago in 2018. With three employees and £191,867 in assets, it operates from a virtual address, registered with twenty-five other companies—a bit unusual. The company is managed by three directors and owned by two individuals, though the list of owners changed five years ago.

The company specializes in importing and exporting optical and medical tools and devices, though activity has been irregular, with just one month of each recorded recently. It operates in the wholesale of electronic and telecommunications equipment and parts industries. The company’s website highlights a range of power quality meters, energy management systems, and related products from SATEC, a global leader. The site showcases a diverse portfolio, including power meters, revenue meters, and power quality analyzers, catering to utilities and energy consumers. It even offers software solutions and services like substation automation and power analysis.

Financially, Hitec Instruments Ltd shows some positive trends. Cash reserves increased by a significant 86% to £120,000, and current assets grew by 52% to £190,000. However, creditors also rose by 62% to £92,000, and trade debtors decreased by 32%, which could indicate challenges in collecting payments. Equity increased by 45% to £100,000, a good sign, and other debtors increased by a staggering 870%, though the impact of this is unclear. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from an audit. The unaudited accounts, prepared using CCH Software, rely on director-reported data.

Overall, Hitec Instruments Ltd appears to be a small, growing company, though the increase in creditors and the decrease in debtors warrant monitoring. The focus on SATEC products and the diverse range of services suggest a specialized niche within the energy management sector.

Registered in England/Wales under the registration number 11713422, with a registered address at L2 9TL, United Kingdom, Liverpool, C/O Dsg, Chartered Accountants, 43 Castle Street.

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