Pioneer Tech Uk Ltd

Pioneer Tech Uk Ltd, based in Ilford, UK, is a small, active company founded thirteen years ago in 2011. With five employees and £588,705 in assets, it operates from a real address and is managed by one director and owner, Khan Parvez. The company is an irregular exporter of toys, games, and sports equipment, with its last export operation taking place over a year ago in May 2021.

The company's website showcases a diverse range of IT services and hardware sales, catering to both local customers in London and Greater London, as well as international clients through online marketplaces like GSM Exchange and Handelot. Pioneer Tech UK specializes in sourcing equipment from leading suppliers, including Apple, Dell, and Microsoft, offering competitive pricing, manufacturer warranties, and preconfigured equipment testing. It also has a code of practice for suppliers.

Financially, Pioneer Tech Uk Ltd's recent performance shows some concerning trends. Cash bank holdings have decreased significantly by 42%, dropping to £350,000. Current assets have also fallen by 17% to £590,000, while net assets have plummeted 52% to £140,000. Loan borrowings from directors have also decreased by 52% to £130,000. On a more positive note, total inventories have increased by 67% to £180,000, and creditors have decreased by 6.4% to £450,000. The company meets the criteria for a small company, with turnover under £10.2 million and fewer than 50 employees. There is no auditor mentioned, which is typical for small companies.

The decrease in cash reserves and the drop in net assets suggest Pioneer Tech Uk Ltd might be facing financial pressures, although the increase in inventories could indicate a strategy to boost sales. The company's reliance on online marketplaces and its focus on competitive pricing suggest it’s trying to maintain a foothold in a competitive market.

Registered in England/Wales under the registration number 07892111, with a registered address at IG2 6DR, England, Ilford, Essex, 9 Bloomfield Crescent, Gants Hill.

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