Ictnet Limited

Ictnet Limited is a small, active company based in London, UK, founded six years ago in 2018. With two employees and £82,101 in assets, it operates from a real address on Clifton Park Avenue. The company is led by one director and one owner, Ozdemir Veysel. It's classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company exports electrical machinery and equipment, though only irregularly, with the last export operation recorded one month ago in 2022.

Ictnet Limited’s website is unavailable, making it difficult to ascertain the precise nature of its operations beyond what’s stated in the report. However, the company engages in wholesale of computers, retail via mail order, IT consultancy, and management consultancy. It's a broad range of activities, suggesting a flexible business model.

Financially, Ictnet Limited presents a mixed picture. Current assets have decreased by 23%, dropping to £82,000, while debtors have fallen by 24%, reaching £78,000. Equity has taken a significant hit, plummeting by 12,000%. Cash on hand, however, has increased by 82%, rising to £2,500. Creditors have also seen a decrease, falling by 38% to £38,000. The company's retained earnings and accumulated losses are negative, indicating a loss-making period. Depreciation charges have remained consistent, and fixed assets have declined. The lack of an auditor is typical for a small company, and the accounts are unaudited.

Overall, Ictnet Limited seems to be facing some financial pressures, with a decline in assets and a negative equity position. However, the increase in cash reserves and decrease in creditors suggest some improvements in cash flow management. It's possible that the company is reinvesting in its business, but the long-term sustainability of its operations remains to be seen.

Registered in England/Wales under the registration number 11466187, with a registered address at SW20 8BD, United Kingdom, London, 16 Clifton Park Avenue.

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