I.t. Retail Systems Limited

I.t. Retail Systems Limited, based in Huddersfield, UK, is a small, active company founded 28 years ago in 1996. With 33 employees and £4,066,791 in assets, it’s a well-established operation, overseen by a single director and owner, Mirza Tanveer. The company has a real registered address and maintains a 4.0 Google rating from seven reviews. It’s a regular importer, specializing in electrical machinery and equipment, with recent activity recorded in December 2024.

The company operates in the business and domestic software development industries, and its website is not available. It's a small company as it met two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financially, I.t. Retail Systems Limited has experienced some significant shifts. Cash bank on hand has fallen dramatically by 73%, dropping to £1,400,000. Creditors have also decreased by 44%, now at £780,000, which could indicate improved debt management. However, trade debtors have increased by 14%, reaching £2,400,000, suggesting potential delays in customer payments. Equity has also taken a hit, decreasing by 47% to £3,400,000. Fixed assets have decreased by 42% to £120,000. Future minimum lease payments have increased by 1500% to £92,000, which is a big jump.

The company's small size allows for agility, but the significant drop in equity and cash reserves warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company is probably doing alright, but the decrease in assets is something to keep an eye on.

Registered in England/Wales under the registration number 03244095, with a registered address at HD2 1GN, United Kingdom, Huddersfield, West Yorkshire, 15 Cartwright Court Bradley Business Park.

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