Itech400 Solutions Ltd

Itech400 Solutions Ltd, based in Newton-Le-Willows, UK, is a small, active company established thirteen years ago. With a single employee and £75,610 in assets, it operates from a real address and is managed by two directors and one owner. The company runs an e-commerce site and irregularly imports electrical machinery and equipment, with the last import activity occurring two months ago in 2020. It’s a small operation, meeting two of the three criteria to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, iTECH Machinery, showcases a wide range of woodworking machinery, including bandsaws, CNC routers, panel saws, and spiral planers. It caters to both individual hobbyists and commercial workshops, offering affordable, quality-assured machines with a focus on customer support. The site highlights a selection of featured products, such as panel saws and CNC routers, and even offers a network for potential resellers. A blog section and email subscription option further enhance the site's engagement.

Financially, Itech400 Solutions Ltd’s recent report shows some concerning trends. Accumulated depreciation increased by 11%, while specific advances to directors decreased by 62%. Cash bank on hand fell by 4.5%, and current assets dropped by 5%. While creditors decreased by 24%, the overall decline in equity—a 5.6% drop—suggests the company is facing financial pressures. The company’s trade debtors have also decreased by 29%, which could indicate difficulties in collecting payments. The lack of an auditor mentioned, as is typical for small companies, means these figures are unaudited.

Despite these challenges, Itech400 Solutions Ltd’s focus on affordable machinery and customer support, coupled with its e-commerce presence, positions it to potentially weather these difficulties. However, the declining equity and reduced cash reserves warrant close monitoring.

Registered in England/Wales under the registration number 07833899, with a registered address at WA12 9TF, Newton-Le-Willows, Merseyside, 15 Park Road North.

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