Klx International Ltd

Klx International Ltd, based in Wolverhampton, UK, is a small, active company founded six years ago. It holds £1,868,574 in assets and operates from a virtual address – a point of note as forty-five companies are registered at the same location. The company is managed by one director and one owner, although the owner list may not be exhaustive. It’s a regular importer of iron or steel products, with 122 months of import activity recorded, and has occasionally exported these goods, with just one month of export activity in the last few years.

The company's business seems to revolve around wholesale hardware, plumbing, and heating equipment and supplies. It’s a small operation, meeting two of the three criteria for a small company: turnover under £10.2 million and assets under £5.1 million, with less than fifty employees. The website, KLX Energy Services, paints a different picture, showcasing a much larger, more complex business providing a wide range of oilfield services, including coiled tubing, drilling, and well control. The site highlights a focus on innovation and optimized solutions, and even mentions a new series of dissolvable frac plugs. It's a bit confusing how this energy services business relates to the Wolverhampton-based importer.

Financially, Klx International Ltd presents a mixed bag. Cash reserves have increased significantly, jumping 370% to £700, but creditors have soared by 400%, reaching £1.7 million. Trade debtors have also risen sharply, by 200% to £880,000. Interestingly, other taxation social security payable has plummeted by a staggering 91%, falling to just £9,800. The company’s net current assets liabilities have also increased by 46% to £120,000. While the company’s equity has increased by 46%, the significant rise in creditors and debtors suggests it may be relying on credit to keep operations running. The company’s lack of employees (zero reported) points to a lean structure, but the large increase in trade creditors—rising by a massive 6,600% to £1.4 million—raises concerns about its ability to manage its debt. The accounts are unaudited, and no auditor is mentioned, which is typical for a small, exempt company.

Registered in England/Wales under the registration number 11763758, with a registered address at WV1 4DJ, England, Wolverhampton, 29 Waterloo Road.

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