Inetic Limited

Inetic Ltd from Farnham UK: small company, active status, founded 23 years ago, 31 employees, £2,251,088 assets, real address, 4 directors, 1 owner. Regular importer of electrical machinery and equipment (99 months imported). Regular exporter of electrical machinery and equipment (52 months exported). It’s a small, active company with a long history, having been established 23 years ago. The business employs 31 people and holds a substantial £2,251,088 in assets, operating from a real address in Farnham. Four directors and a single owner guide the company’s operations, which focus on importing and exporting electrical machinery and equipment – a consistent activity spanning nearly a decade.

The company’s website, iNetic Traction, reveals a specialized focus: electric drivetrain solutions for the automotive industry. It’s not a typical e-commerce site; instead, it presents itself as a provider of custom motor designs, after-sales support, and maintenance services. The site emphasizes collaboration with drivetrain experts, highlighting reliability, flexibility, and customer-centricity as key differentiators. It offers a range of motors – sEV, iEV, and rEV – each designed for specific power ranges and applications. The website also features engineering insights and articles on topics like UK road tax changes and the US push for electric cars, demonstrating a commitment to industry knowledge.

Financially, Inetic Ltd’s recent performance shows some interesting trends. While current assets increased by 20% to £2,300,000, net assets took a significant dip, falling 24% to £360,000. Bank borrowings surged by 260%, reaching £45,000, and cash reserves increased by 120% to £440,000. Trade debtors remained steady, but creditors increased substantially, rising 240% to £1,900,000. The company’s small size (meeting two of three conditions for being classified as small) helps it remain agile, but the decrease in equity is a concern. The company’s reliance on related party transactions, specifically with Mr. GH Tan, should also be noted. With no auditor mentioned, the financial data relies on unaudited statements. It seems like the company is growing, but managing its debts effectively will be crucial for its long-term success.

Registered in England/Wales under the registration number 04322550, with a registered address at GU9 7LW, England, Farnham, Surrey, 6 St George's Yard, Castle Street.

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