I C T Express Limited

ICT Express Ltd, based in Stanford-Le-Hope, UK, is a small, holding company with an active status. Founded 28 years ago in 1997, it employs 36 people and holds assets totaling £1,080,956. The company operates from a real address and is managed by four directors and one owner, boasting a respectable Google rating of 4.0 from 70 reviews. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import operation recorded just one month ago in May 2024.

The company’s website reveals a focus on freight transport by road, offering services like distribution, warehousing, and pallet distribution. Founded in 1997, ICT Express Ltd describes itself as a family-run business committed to service levels, operating independently without forwarding interests. It even has a separate division, 1066 Pianos, dedicated to high-end piano restoration, showcasing a diverse range of business interests.

Financially, ICT Express Ltd presents a mixed picture. Current assets have fallen by 13% to £1,100,000, while net assets have plummeted 97% to a mere £11,000. Bank borrowings have increased significantly, reaching £29,000, and cash reserves have decreased by 55% to just £46,000. Creditors have also risen by 21%, suggesting a reliance on external financing. 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 agility, but the sharp decline in equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

In short, ICT Express Ltd is navigating a period of financial pressure, despite its established presence and diverse business ventures. The company's ability to maintain its service levels and adapt to changing market conditions will be crucial for its future success.

Registered in England/Wales under the registration number 03323042, with a registered address at SS17 9FJ, England, Stanford-Le-Hope, Essex, North 4 Channel Close.

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