Kanetech Limited

Kanetech Limited is a small, active company based in London, UK, founded 22 years ago in 2002. With just one employee and £10,865 in assets, it operates from a virtual address shared by 169 other companies, raising questions about its physical presence. The company is led by three directors, including Mithagre Adam, who also serves as the sole owner and solo founder.

The company’s website, Kanetec Co., Ltd, reveals a diverse range of activities, from PDF downloads and CSR reports to YouTube channels and industry events like JIMTOF2024. It appears to be a B2B supplier, primarily focused on industrial components and automation solutions. The site highlights a commitment to quality, innovation, and customer service, with a focus on serving the Japanese market. It’s clear that Kanetech Limited isn's an ecommerce site, but rather a supplier to industrial companies.

Financially, Kanetech Limited presents a mixed picture. While cash bank on hand increased by 25% to £5,400, current assets only increased by 34% to £11,000. Trade debtors, however, jumped significantly by 90% to £2,200, suggesting potential delays in customer payments. Equity grew substantially by 140% to £95, but net current assets liabilities decreased by 63% to -£93. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increase in debt and the decrease in net current assets liabilities could be a concern. No auditor is mentioned, which is typical for small companies exempt from an audit.

Overall, Kanetech Limited seems to be a small, specialized supplier navigating the challenges of a competitive market. The company’s focus on industrial components and its commitment to quality could be key to its long-term success, but it needs to manage its debts and maintain a healthy cash flow.

Registered in England/Wales under the registration number 04467166, with a registered address at EC1V 2NX, England, London, Kemp House 160 City Road.

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