It Distribution Online Ltd

It Distribution Online Ltd is a small, active company registered in Watford, UK, founded three years ago in June 2021. With two employees and £2,837,665 in assets, it operates from a virtual address shared by twelve other companies, a bit unusual. The company is led by one director and one owner, Smith Neil, who also serves as the finance director.

The business focuses on providing IT solutions, acting as a Value Added Reseller. Its website, Simple IT Distribution LTD, highlights services like IT security, backup availability, network management, and software development. The site also promotes partnerships with companies like Netwrix, VIPRE, and ManageEngine, indicating a focus on reselling established software and hardware. The site also features news and promotions, suggesting a desire to engage with potential customers online. It seems like they are doing ecommerce.

Financially, It Distribution Online Ltd shows a mixed picture. While current assets have increased significantly, jumping 460% to £2,800,000, net assets have also risen dramatically, increasing 480% to £5,400,000. Cash bank on hand remains substantial at £950,000. However, fixed assets and intangible assets have also seen large increases, 500% each, to £2,500,000. 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. The accounts are abridged and unaudited, and there's no auditor mentioned. The rapid growth in assets, however, could be a result of increased borrowing or investment—it’s hard to tell without more detailed information. The company has taken exemption from publishing its own profit loss account.

Registered in England/Wales under the registration number 13456723, with a registered address at WD24 4AS, England, Watford, 186 St. Albans Road.

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