Kinsetsu Limited

Kinsetsu Ltd from Belfast, UK, is a small, active company founded eight years ago in 2016. With 21 employees and £594,737 in assets, it operates from a real address and is overseen by two directors and owners, boasting a stellar 5.0 Google rating from just three reviews. The company regularly imports electrical machinery and equipment, with the most recent import activity recorded three months ago in November 2024.

The company's website highlights its focus on providing technology solutions for various sectors. It offers services like asset and workspace management, focusing on healthcare, defence, government, and commercial industries. Its ktrack platform is presented as a cutting-edge solution for automating tasks, improving visibility, and reducing operational costs. The site also features case studies and resources, demonstrating its expertise and commitment to client success.

Financially, Kinsetsu Ltd shows some concerning trends. While bank borrowings decreased by a significant 67%, cash reserves plummeted 86% to just £130,000. Net assets also took a hit, falling 570% to -£710,000. Creditors, however, decreased by 18%, suggesting improved debt management. 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, but the sharp decline in equity raises questions about its long-term stability. The average number of employees has increased by 24% to 26, which could be a sign of growth, but it also means higher operational costs. There's no auditor mentioned, likely due to the company being exempt as a small entity.

Overall, Kinsetsu Ltd appears to be facing financial headwinds despite its strong Google rating and innovative solutions. Whether it can navigate these challenges and sustain its growth remains to be seen.

Registered in Northern Ireland under the registration number NI640485, with a registered address at BT3 9HB, Northern Ireland, Belfast, Unit A4 Harbour Court, 5 Heron Road.

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