Intank Technologies Limited

Intank Technologies Ltd from Thame UK: a small, active company established 21 years ago, employs nine people, and holds £2,436,341 in assets. It operates from a virtual address, registered with twenty-one other companies at the same location, and is run by two directors and two owners – Francesca Antonia Packman and Richard Packman. It's a family business that regularly imports and exports machinery, boilers, and mechanical appliances, parts.

The company specializes in the wholesale of other machinery and equipment, and its website, while somewhat cryptic, suggests a focus on industrial equipment and potentially related services. The site’s content is a jumble of text and symbols, making it difficult to ascertain exactly what Intank Technologies offers beyond the broad category of industrial equipment. It's unclear if the company operates an e-commerce platform or primarily engages in business-to-business transactions.

Financially, Intank Technologies Ltd presents a mixed picture. Current assets have decreased by 6.5% to £2,400,000, while net assets increased by 14% to £2,000,000. Creditors have significantly decreased by 48%, which is a positive sign for debt management. However, bank cash fell by 5.8% to £1,700,000. Trade debtors have also decreased by 20%, suggesting improved collections. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. The unaudited accounts, as is typical for small companies, rely on director-reported data.

The decrease in cash reserves, despite improved creditor management, could indicate increased operational expenses or investments in inventory, especially given the 84% increase in total inventories. The company’s continued import and export activity suggests a focus on maintaining its supply chain and serving its customer base. The lack of an auditor mentioned reinforces its status as a small, privately held business.

Registered in England/Wales under the registration number 05097099, with a registered address at OX9 2FG, England, Thame, Oxfordshire, 10 Station Yard, Tiddington.

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