Letech International Ltd

Letech International Ltd, based in Northampton, UK, is a small, active company established five years ago. With four employees and £85,739 in assets, it operates from a real address and is managed by one director and owner. The company is primarily an irregular importer of textile products, sets, used clothing, and rags, with just one month of import activity recorded in 2021. However, it’s a regular exporter of soaps, cleaning products, and waxes, with 20 months of export activity spanning up to February 1, 2025. The company operates within the manufacture of other chemical products n.e.c. industries.

While the company’s website is unavailable for review, its financial data paints a mixed picture. Accumulated amortisation for intangible assets increased by 30%, and depreciation for plant and machinery rose by 39%, which could indicate investment in equipment. However, cash bank holdings took a significant hit, plummeting 94%—a worrying trend. Creditors increased by 18%, and debtors surged by a substantial 130%, suggesting potential issues with collecting payments or managing short-term liabilities. Equity, however, saw a modest increase of 14%, which is a positive sign. 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 for agility, but the decline in cash reserves is a concern.

The company's financial data also reveals a decrease in the average number of employees from four to three, which could be due to restructuring or cost-cutting measures. Furthermore, the significant increase in trade debtors suggests a potential reliance on extended payment terms with customers, which could pose a risk if those customers experience financial difficulties. The company is exempt from an audit due to its size, so the financial statements are unaudited. Overall, Letech International Ltd seems to be navigating a period of financial adjustment, with both positive and negative trends evident in its recent performance.

Registered in England/Wales under the registration number 12135888, with a registered address at NN3 8RQ, England, Northampton, Northamptonshire, 12 North Portway Close, Round Spinney Industrial Estate.

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