Packetfabric (uk) Ltd

Packetfabric (uk) Ltd, based in Blackpool, UK, is a small, active holding company established eleven years ago in January 2014. The company, which employs seven people, holds £832,559 in assets and operates from a virtual address shared by nineteen other companies. It’s managed by two directors and has one owner, though the list of owners changed three years ago. Packetfabric (uk) Ltd is an irregular importer, primarily dealing in electrical machinery and equipment, with the last import operation recorded two months ago. The company operates in the information technology consultancy activities industries.

The company’s website is not available, so it’s difficult to ascertain the specifics of their operations. However, the company’s profile suggests a focus on IT consultancy, potentially leveraging its import activities to source hardware or software components. The holding company structure implies a broader investment strategy, possibly involving other subsidiaries or ventures.

Financially, Packetfabric (uk) Ltd presents a mixed picture. While cash bank on hand has increased significantly by 270% to £120,000, current assets have also seen a substantial jump of 170% to £830,000. However, net current assets liabilities remain negative at -£3.7 million, a 72% increase from the previous year. Trade debtors have also increased significantly, rising 160% to £720,000. Creditors have decreased by 42% to £290,000, and bank borrowings have increased by 150% to £380,000. 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 remain flexible, but the negative equity and rising debt could indicate financial strain. The accounts are audited, and Sinclairs Bartrum Lerner served as the auditor. It is likely that the company is burning through money, possibly due to investments in its holding company activities or expansion of its IT consultancy services. The increase in trade debtors could be a sign of delayed payments from clients, or it could be a deliberate strategy to offer more credit to attract new business.

Registered in England/Wales under the registration number 08839696, with a registered address at FY4 2FF, England, Blackpool, Ground Floor Seneca House, Links Point, Amy Johnson Way.

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