Planet It Limited

Planet IT Ltd, based in Abingdon, UK, is a sizable company with a 21-year history, employing 92 people and boasting £4.66 million in assets. The company generates £16.27 million in yearly revenue, and has a real address and a stellar 5.0 Google rating from 56 reviews. It’s an active business with five directors and two owners. Planet IT imports electrical machinery and equipment sporadically, but regularly exports machinery, boilers, and mechanical appliances.

The company positions itself as Oxfordshire’s No. 1 IT support provider and supplier. Its website showcases a comprehensive suite of services, including IT support, cybersecurity, hardware and software solutions, and robotic process automation (RubyAI). It caters to a wide range of sectors, from pharma and life sciences to education and large businesses, offering managed IT support, professional services, and cloud solutions. The website doesn’s appear to be an e-commerce site, instead focusing on lead generation and showcasing expertise through blog content and client testimonials.

Financially, Planet IT Ltd presents a mixed picture. While cash reserves increased by a significant 39%, reaching £530,000, net assets declined by 11%, settling at £1.4 million. Turnover increased by 5.2%, reaching £16 million, but profit decreased by 73%, falling to £100,000. Bank borrowings remain relatively stable, and creditors increased by 33%, suggesting a need for careful debt management. The company’s employee numbers decreased slightly, from 92 to 86, which could be a result of restructuring or natural attrition. The company’s auditor is Wellers, and the accounts were audited.

Overall, Planet IT Ltd appears to be a well-established IT services provider, but the decline in profits raises questions about its operational efficiency. The company’s strong Google rating and diverse service offerings suggest a loyal customer base, but continued monitoring of its financial performance will be crucial.

Registered in England/Wales under the registration number 04965388, with a registered address at OX14 4RY, England, Abingdon, 85f Park Drive, Milton.

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