Ixtract Ltd

Ixtract Ltd, based in Leigh, UK, is a small, active company founded six years ago in 2019. Employing 21 people and holding £953,664 in assets, it’s a privately held operation with three directors and a solo founder, Gledhill Grant. The company has a real registered address and a solid 5.0 Google rating from one review. Ixtract Ltd is a regular importer, specializing in machinery, boilers, and mechanical appliances parts, with its last import activity recorded in November 2024.

The company operates within the other engineering activities industries, offering a range of services. While a website isn’t available, the business likely focuses on supplying industrial equipment and parts to various sectors. It’s a small company, meeting two of the three criteria for being classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Ixtract Ltd presents a mixed picture. While current assets have increased significantly by 95% to £950,000, net losses have deepened, and cash reserves have fallen by 50% to £14,000. Bank borrowings have also increased, reaching £29,000, and trade debtors have ballooned by 200% to £560,000. Creditors have increased by 93% to £590,000, which could indicate a reliance on short-term financing. The company’s equity, however, has increased by 85% to £500,000, suggesting retained earnings are building. The lack of an auditor mentioned likely reflects its status as a small, exempt company.

Overall, Ixtract Ltd seems to be experiencing a period of growth, but also facing cash flow challenges. The increase in debtors suggests a need to manage customer payments more effectively, while the decrease in cash reserves warrants close monitoring. It’s a small, agile company, but the financial pressures require careful attention to ensure long-term sustainability.

Registered in England/Wales under the registration number 11884176, with a registered address at WN7 3PT, England, Leigh, Greater Manchester, D16 Rivington Court Walter Leigh Way, Moss Industrial Estate.

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