Nitrotek Limited

Nitrotek Ltd from Stockport UK: a small, active company founded 21 years ago, employs 15 people, and holds £828,054 in assets. It’s a family business with three directors and two owners, operating an e-commerce site selling radio-controlled cars, petrol RC cars, RC helicopters, and related accessories. The company has a 2.0 Google rating based on 369 reviews, and regularly imports toys, games, and sports equipment (111 months) and exports them (14 months).

The company’s website, Nitrotek, showcases a wide range of RC vehicles and accessories. They sell everything from electric cars and planes to tanks and ride-on vehicles, emphasizing competitive pricing and free UK shipping over £100. They even offer a "build your own RC car" feature, and have a section dedicated to refurbished items. The site’s design is a little dated, but the product selection is extensive.

Financially, Nitrotek Ltd presents a mixed picture. Current assets have fallen by 19%, to £970,000, while net assets have also dropped by 19%, to £890,000. Cash reserves have decreased by 66%, to £200,000, and bank borrowings have increased. Creditors have also decreased, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in equity is concerning. The accounts are unaudited and exempt from audit, relying on director-reported data.

It seems Nitrotek is navigating some financial headwinds, but its established online presence and diverse product range could help it weather the storm. The company's long history in the RC hobby market is a definite advantage, and its family-run nature suggests a commitment to quality and customer service.

Registered in England/Wales under the registration number 05070618, with a registered address at SK6 7HX, Stockport, Cheshire, 4th Floor Goyt Mill, Upper Hibbert Lane Marple.

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