Northey Tech Ltd

Northey Tech Ltd, based in Poole, UK, is a small, active company founded two years ago. With ten employees and £233,925 in assets, it’s a solo-founded operation led by a single director and owner. The company regularly imports machinery, boilers, and mechanical appliances, parts, with three months of import activity recorded, and exports the same items, with six months of export activity. It operates from a real address at Nortech House, 34-35 Dawkins Rd Industrial Estate.

The company’s website highlights its expertise in gas handling, boasting 75 years of experience. It specializes in the development, design, and manufacture of dry and oil-free rotary compression and vacuum pumps, offering bespoke solutions for industries like oil, gas, water, renewables, and petrochemicals. The site features applications like aeration, compressed air, and gas mixing, and emphasizes consistent quality and innovation. It’s clear Northey Tech is targeting a niche market with a focus on high-value engineering solutions.

Financially, Northey Tech Ltd presents a mixed picture. Current assets have decreased by 35% to £230,000, while net assets have remained steady at £47,000. Bank borrowings have decreased by 24% to £45,000, and cash reserves have plummeted 100% to a mere £78. Trade debtors have also fallen by 34% to £210,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There is no auditor mentioned, so the figures are unaudited.

The significant drop in cash reserves is a concern, suggesting Northey Tech may be burning through money. However, the decrease in bank borrowings is a positive sign. The company’s focus on specialized engineering solutions and its long history—though relatively new as a company—may provide a buffer against financial pressures. It’s clear Northey Tech is navigating the challenges of a growing business, but its future depends on maintaining its engineering expertise and securing consistent revenue.

Registered in England/Wales under the registration number 14392422, with a registered address at BH15 4JY, United Kingdom, Poole, Dorset, Nortech House, 34 -35 Dawkins Rd Industrial Estate.

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