Its Technologies Ltd

Its Technologies Ltd, based in Stockport, UK, is a small, active company founded eleven years ago in 2014. The business holds £652,783 in assets and operates from a real address, managed by three directors and a single owner, who is also the solo founder. The company regularly imports electrical machinery and equipment, with nineteen months of import activity recorded, the last in January 2023. It also exports electrical machinery and equipment, but only irregularly, with one month of export activity as of August 2024.

The company’s website showcases a wide range of solar PV battery storage components, including batteries, inverters, and mounting systems. It offers both complete kits and individual components, catering to both trade and consumer customers. The site also highlights a range of special offers and provides installation services, with a focus on providing competitive prices and expert advice. It’s clear the business is positioning itself as a one-stop shop for solar energy solutions.

Financially, Its Technologies Ltd shows a mixed picture. Current assets decreased by 15%, dropping to £650,000, while net assets increased by 23%, reaching £320,000. Bank borrowings significantly decreased by 91%, falling to £27,000, and cash reserves dropped by 59%, settling at £220,000. Trade debtors increased by 27%, suggesting a possible expansion of credit terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Its Technologies Ltd appears to be navigating a period of change. The decrease in cash reserves and the increase in trade debtors could indicate a need for careful financial management. However, the increase in net assets and the active import/export activity suggest the company is still generating revenue and adapting to market conditions.

Registered in England/Wales under the registration number 08961559, with a registered address at SK1 1AR, Stockport, Greater Manchester, Bank Chambers, St. Petersgate.

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