I.t.xchange Limited

It Xchange Ltd from Port Glasgow UK: a small, active company founded 24 years ago, employs 12 people, and operates from a real address. With one director and two owners, the business runs an e-commerce site and regularly imports and exports machinery, boilers, and mechanical appliances; parts – a total of 480 months of imports and 554 months of exports. The company is a small entity, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website showcases a wide range of computer technology, from personal computing devices to data center solutions, and accessories. It operates as a wholesaler, offering both new and recertified equipment, and even has a dedicated section for trade accounts. The site highlights its 20 years of experience and emphasizes its ability to help organizations reduce their total cost of ownership. Customer reviews are prominently displayed, reinforcing its reputation for quality and service.

Financially, It Xchange Ltd’s recent performance reveals a mixed picture. Accumulated depreciation impairment property plant equipment remained constant at 75,000 GBP, but amounts owed to related parties increased significantly to 23,000 GBP. The average number of employees decreased slightly to 11, and cash bank on hand fell by 25% to 27,000 GBP. Creditors rose by 26% to 660,000 GBP, while debtors dropped by 38% to 190,000 GBP. Equity took a substantial hit, plummeting 140% to -84,000 GBP. Trade creditors also increased by 18%, and other debtors decreased by 37%. Other taxation payable increased by 69%. The company’s small size and the lack of an auditor (likely exempt as a small company) mean the figures are unaudited.

Despite the negative equity, the company’s ongoing import and export activity suggests it’s still operational. The increase in creditors, however, might indicate a reliance on short-term financing. The decrease in debtors could be a sign of improved collection efforts, or it could reflect a slowdown in sales. It’s a bit of a tricky situation, but the company seems to be managing, even if it’s not exactly thriving.

Registered in Scotland under the registration number SC213655, with a registered address at PA14 5UG, Scotland, Port Glasgow, Block 15 Port Glasgow Industrial Estate, Dubbs Road.

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