Max It Ltd

Max It Ltd, based in Long Eaton, Nottingham, is a small, active company founded 26 years ago in 1999. The firm holds £323,959 in assets and employs a single director and owner, David Vernon John Hicks. It operates in the information technology consultancy activities industries and has a real registered address. Max It Ltd is an irregular importer, with its top import category being electrical machinery and equipment, totaling 2 months of imports, the last recorded in October 2022.

The company's website is currently unavailable, making it difficult to ascertain its precise online presence and sales channels. It's unclear whether Max It Ltd operates an e-commerce site or primarily serves clients through direct consultation.

Financially, Max It Ltd presents a mixed picture. Current assets have increased significantly, jumping 110% to £320,000, while bank borrowings have decreased dramatically, falling 100% to zero. However, net assets have increased just 6.3% to £190,000. Trade debtors have increased substantially, rising 350% to £280,000, which could indicate a reliance on delayed payments. Cash reserves have decreased by 57% to £40,000. Creditors have also increased, rising 110% to £320,000. The company meets two of three criteria for being a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it's exempt from an audit, and the figures are unaudited.

The company's financial trends suggest a period of growth and expansion, but also potential liquidity challenges. The increase in debtors and creditors, combined with the decrease in cash reserves, warrants careful monitoring. It’s possible that the company has invested in new projects or expanded its operations, leading to these changes.

Registered in England/Wales under the registration number 03706149, with a registered address at NG10 1BA, England, Nottingham, Nottinghamshire, 11 Salisbury Street, Long Eaton.

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