Itech (scotland) Ltd.

Itech Scotland Ltd, based in Irvine, UK, is a small, holding company with an active status. Founded thirteen years ago in December 2011, it employs ten people and holds assets valued at £502,089. The company operates from a real address and is overseen by four directors and one owner. It regularly imports machinery, boilers, and mechanical appliances, parts, with the latest import occurring in May 2023. Export activity is less frequent, focusing on optical and medical tools and devices, with the last export recorded in January 2018.

The company’s website reveals it’s a specialist engineering and construction firm, ITEC, established in 1986. They provide a range of services including diamond core drilling, drainage, CCTV surveys, and foundation work, catering to the water industry and construction sectors. Their staff are time-served and qualified, holding various safety and industry-specific accreditations. The website highlights a commitment to meeting customer requirements and completing projects on time and within budget.

Financially, Itech Scotland Ltd presents a mixed picture. Current assets have decreased by 20% to £500,000, while net assets have plummeted 100% to just £100. Bank borrowings have surged by a staggering 2,400% to £29,000, and cash reserves have fallen 8.6% to £100,000. Creditors have significantly decreased by 69%, suggesting improved debt management. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the sharp decline in equity is concerning. The company is exempt from an audit, relying on unaudited statements.

It appears Itech Scotland Ltd is navigating a challenging period, while the broader ITEC group seems to be thriving in the engineering and construction sector. Whether the holding company can support the engineering business long-term remains to be seen.

Registered in Scotland under the registration number SC413259, with a registered address at KA11 5DJ, Scotland, Irvine, 3 Riverside Way, Riverside Business Park.

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