Itechdevices Uk Ltd

Itechdevices Uk Ltd, based in Wallington, UK, is a small, active company founded eight years ago. With two employees and £1,423,599 in assets, it operates from a real address and is led by three directors and a solo founder. The company regularly imports and exports electrical machinery and equipment, with three months of import activity and twenty-five months of export activity recorded as of January 01, 2025. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

The company’s website, harddiskdirect.co.uk, is an online store specializing in server and PC components. It offers a vast range of products, from hard drives and memory to networking equipment and power supplies, catering to businesses and individuals. The site emphasizes competitive pricing, a wide selection, and expert advice—hallmarks of a well-established IT reseller. It even has a dedicated section for Dell, HP, and Cisco products, indicating partnerships with major manufacturers.

Financially, Itechdevices Uk Ltd presents a mixed picture. Cash bank on hand dropped significantly by 64%, falling to £32,000, while creditors increased by 20%, reaching £1.1 million. Trade debtors also rose considerably, increasing by 35% to £1 million. However, net assets and equity both increased by 34%, reaching £340,000 and £330,000 respectively. It’s worth noting that bank borrowings decreased slightly. The company’s small size helps it remain flexible, but the increase in creditors and debtors suggests a need for careful cash flow management. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Itechdevices Uk Ltd appears to be a stable, albeit small, business navigating the challenges of the IT hardware market. The company’s focus on online sales and its wide product range position it well for continued growth, but it will need to monitor its cash flow and manage its debts effectively.

Registered in England/Wales under the registration number 10556177, with a registered address at SM6 9AP, England, Wallington, Surrey, 29 Stafford Road.

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