Imtex Controls Limited

Imtex Controls Ltd from Leigh On Sea UK: a small, active company founded 35 years ago, employs 19 people, and holds £1,334,215 in assets. It operates from a virtual address, managed by three directors and two owners, and is a family business. The company regularly imports and exports electrical machinery and equipment, with 115 months of import activity and 189 months of export activity recorded.

The company’s core business involves the wholesale of other machinery and equipment. While a full website isn’t available, it's likely they operate primarily through business-to-business channels, rather than direct-to-consumer e-commerce. They don't appear to have an online storefront.

Financially, Imtex Controls Ltd shows some concerning trends. Accumulated amortisation for intangible assets increased by 9.0%, while depreciation for plant and machinery decreased by 77.0%. The number of employees decreased by 21.0% to 15, which could indicate restructuring or reduced demand. Bank borrowings remained steady, but cash reserves increased by a healthy 45.0% to £120,000. Creditors increased by 19.0%, suggesting potentially higher short-term debt obligations. The company’s assets dropped by 2.7% to £1,300,000.

Despite these fluctuations, the company's equity remained steady at £670,000. Profit and loss remained steady at £21,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in net assets and the increase in creditors warrants attention. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

In conclusion, Imtex Controls Ltd appears to be navigating a period of change. While it maintains a solid base of assets and cash reserves, the declining employee count and rising creditors suggest potential challenges ahead. It’s a family-run business with a long history in the electrical machinery and equipment sector, but its future success will depend on adapting to evolving market conditions.

Registered in England/Wales under the registration number 02485308, with a registered address at SS9 2RZ, Leigh On Sea, Essex, Sutherland House, 1759 London Road.

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