Itech-media Ltd

Itech Media Ltd is a small, active company based in Barnet, UK, founded fifteen years ago in 2010. With two employees and £949,868 in assets, it operates from a virtual address shared by 188 other companies. Patel Kaminibahen is both the director and owner, making it a solo-founder operation. The company’s status is active. It's classified as operating in the "other information service activities n.e.c." industries.

The company’s website, iTech Media Live Streaming Platform, suggests a focus on live streaming services, likely catering to businesses or individuals needing video broadcasting capabilities. The platform likely offers tools for content creation, distribution, and engagement—a growing market in the digital age.

Financially, Itech Media Ltd shows a mixed picture. Cash reserves increased by a modest 2%, settling at £91,000. However, the number of employees decreased by a significant 50%, dropping to just one—a concerning trend. Bank borrowings decreased by 25%, reducing to £30,000, and corporation tax payable fell by 16%, settling at £180,000. Creditors also decreased by 10%, reaching £240,000. Despite these improvements, net losses are a concern. Trade debtors increased by 4.5%, reaching £840,000, which could indicate challenges in collecting payments. The company’s small size (meeting two of three conditions for being small: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in employees and the ongoing losses are something to watch. The accounts are unaudited, so there’s no external verification. It's an irregular importer, with its top import category being Paper and Paperboard Products, totaling 1 months of imports. The last import operation was conducted on June 01, 2021.

Registered in England/Wales under the registration number 07241415, with a registered address at EN5 5JG, England, Barnet, Hertfordshire, Rear Of 17 Plantagenet Road.

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