Kortek Ltd

Kortek Ltd from Wetherby UK: a small, active company founded three years ago, employs just one person, and holds £135,967 in assets. It’s a limited company with two directors and two owners, operating from a real address. The company regularly imports electrical machinery and equipment (four months of activity) and exports machinery, boilers, and mechanical appliances—parts (thirty-one months of activity).

The company's website, Kortek ITAD, positions itself as a provider of sustainable IT solutions, particularly in the refurbishment and disposal of hardware. It offers a wide range of services, including configuration assistance, custom-built servers, IT asset disposal (ITAD), hardware upgrades, and trade-in programs. The site also highlights its commitment to circular economy principles and offers a comprehensive list of countries it serves, spanning across Europe, Asia, Africa, and the Americas. The sheer number of countries listed—over 150—suggests a global reach, though the single employee raises questions about how this is managed. The website’s design is clean and professional, with a focus on ease of navigation and clear messaging about its services.

Financially, Kortek Ltd’s report reveals a mixed picture. While cash reserves increased significantly, jumping to £40,000, net assets also rose to £38,000. However, accumulated depreciation on property, plant, and equipment has more than doubled, reaching £3,300, which could indicate increased investment in hardware. Trade debtors have exploded, increasing by 4,100% to £82,000, which may be a sign of delayed payments or an expansion of credit terms. Creditors also increased significantly, rising to £100,000, suggesting increased borrowing or supplier obligations. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the large increase in debtors needs to be monitored. No auditor is mentioned, which is typical for small companies. The company's growth in assets and revenue is promising, but the rising debts need to be addressed.

Registered in England/Wales under the registration number 13599245, with a registered address at LS23 7FB, England, Wetherby, Unit 23 Moat House Square, Thorp Arch Estate.

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