Inkrite Direct Limited

Inkrite Direct Ltd from Dundee, UK, is a small, active company founded five years ago in 2019. With eleven employees and £358,759 in assets, it’s a solo-founded operation led by a single director and owner. The company operates in the non-specialised wholesale trade industries and has a real registered address at Unit 4 West Gourdie Industrial Estate, Nobel Road. It’s a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with 25 months of import activity and 3 months of export activity recorded. Its website, Inkrite Direct Trade Portal, suggests a focus on B2B transactions, requiring users to keep signed in.

The company’s core business involves wholesale trade, and its website indicates a focus on industrial equipment. While the website is functional, it’s fairly basic, suggesting a focus on practical transactions rather than a polished brand image. The focus on machinery and parts suggests a business-to-business (B2B) model, likely supplying other companies rather than selling directly to consumers.

Financially, Inkrite Direct Ltd presents a mixed picture. Current assets have declined significantly, dropping 35% to £360,000, while net assets have plummeted 640% to -£140,000—a worrying trend. Cash reserves have also fallen 65%, leaving just £76,000. Trade debtors have increased by 40%, which could indicate delayed customer payments. On the positive side, creditors have decreased by 22%, suggesting improved debt management. The company meets two of three criteria to be classified as small, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Inkrite Direct Ltd appears to be facing financial headwinds. The significant drop in equity and cash reserves suggests the company is burning through money, potentially due to increased operating costs or decreased sales. While the company's focus on wholesale trade and its established import/export activities provide a foundation, it needs to address its financial challenges to ensure long-term sustainability.

Registered in Scotland under the registration number SC637735, with a registered address at DD2 4UH, Scotland, Dundee, Unit 4 West Gourdie Industrial Estate, Nobel Road.

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