Paradox It Ltd

Paradox IT Ltd, based in Rochdale, UK, is a small, active company established thirteen years ago. With four employees and £557,112 in assets, it operates from a real address and is overseen by two directors and owners. Boasting a perfect 5.0 Google rating from two reviews, Paradox IT is an irregular importer of electrical machinery and equipment, with recent activity recorded in January 2024.

The company specializes in delivering technology-driven solutions to both the private and public sectors throughout the UK and Europe. It partners with security installers and ME contractors, offering a comprehensive solution to customers. Key services include CloudPass – a cloud-based vehicle and workforce management system integrating access control, face recognition, biometrics, and ANPR – managed connectivity via various technologies, and consultancy for complex CCTV and access control projects. The website clearly outlines its services and target audience, indicating a focus on security and technology integration. It doesn't appear to be an e-commerce business, but rather a provider of services and technology solutions.

Financially, Paradox IT Ltd presents a mixed picture. While cash bank holdings decreased by 16% to £310,000, current assets increased by 7% to £560,000. Trade debtors have significantly risen by 64%, reaching £250,000, which could indicate increased sales but also potential challenges in collecting payments. Equity grew by 5.8% to £260,000, suggesting a healthy retained earnings balance. However, accrued liabilities have increased by 51%, rising to £86,000, which could be a result of increased operational expenses. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the rising liabilities warrant monitoring. The financial statements are unaudited and exempt from audit, relying on director-reported data.

Overall, Paradox IT Ltd seems to be navigating a period of growth, with increased sales reflected in higher debtors. However, the rise in liabilities and a decrease in cash reserves suggest a need for careful financial management. The company's focus on specialized technology solutions and partnerships positions it well in a competitive market, but sustaining growth will depend on effectively managing its finances and maintaining its strong customer reputation.

Registered in England/Wales under the registration number 07772297, with a registered address at OL11 1RY, England, Rochdale, Greater Manchester, Sandbrook House, Sandbrook Way.

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