Neo Data Technologies Ltd

Neo Data Technologies Ltd is a small, active company based in London, UK, founded six years ago in 2018. It holds £1,269,896 in assets and operates from a virtual address shared by many other businesses, a fact that raises some questions. With four directors and two owners (Mudaliar Narendran and Mudaliar Sarita), it’s described as a family business with a solo founder. The company regularly imports and exports electrical machinery and equipment, with 33 months of import activity and 31 months of export activity recorded as of February 1, 2025.

The company’s website, though unavailable for direct analysis, suggests a focus on wholesale and IT services. It operates in the wholesale of computers, computer peripheral equipment and software, the wholesale of electronic and telecommunications equipment and parts, information technology consultancy activities, and data processing, hosting and related activities. This indicates a B2B focus rather than direct consumer sales.

Financially, Neo Data Technologies Ltd presents a mixed picture. While cash bank on hand increased by a modest 5.3% to £180,000, creditors decreased by 10% to £1,200,000, and other inventories grew significantly by 57% to £990,000, debtors plummeted by a staggering 83% to just £100,000. This sharp decrease in debtors could indicate improved collection practices, a shift in sales terms, or potentially, difficulties in receiving payments. Equity, however, only increased by 7.4% to £51,000, suggesting the company isn't generating substantial profits despite growing inventory. 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 stay agile, but the large creditor balance relative to assets warrants a closer look. As a small company, it's exempt from an audit, so the financial information is unaudited.

Overall, Neo Data Technologies Ltd appears to be navigating a period of change. The growth in inventory suggests increased activity, but the significant decrease in debtors and relatively low equity raise concerns about cash flow and long-term sustainability. It's a business that needs to carefully manage its working capital to ensure it can continue operating smoothly.

Registered in England/Wales under the registration number 11574135, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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