Plustech Ltd

Plustech Ltd from Sheffield UK: small company, active status, founded 6 years ago, £63,273 assets, real address, 2 directors, 1 owner. Irregular importer of electrical machinery and equipment (1 months imported). It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees. The company is currently active and was incorporated six years ago on January 24, 2019. Its registered address is in Sheffield, South Yorkshire, and is likely a real address as only one other company is registered there. The business operates with two directors and one owner, and is a irregular importer, with its top import category being Electrical machinery and equipment, totaling 1 months of imports. The last import operation was conducted on November 01, 2019.

The company's website, Flashcharger, focuses on providing portable phone chargers through a rental service. Users can download an app, locate a charging station, and rent a charger for a small fee. The site emphasizes convenience, competitive pricing, and a network of over 200 locations across the country. It’s a clever business model, targeting a growing need for on-the-go power solutions. The website also highlights partnerships with businesses, offering a way to keep customers longer and bring more business.

Financially, Plustech Ltd’s recent accounts present a mixed picture. Cash bank on hand has decreased significantly, dropping 85% to £2,000. Creditors have also fallen, though the change is small. Net assets liabilities, however, have improved, decreasing by 10% to -£330,000. It seems the company is struggling to maintain cash reserves, but is managing its debts. The company’s small size and lack of employees (zero reported) suggests a lean operation, but the decrease in cash raises questions. With no auditor mentioned, the figures rely on unaudited statements.

It’s clear Plustech Ltd is navigating the challenges of a startup, balancing innovation with financial stability. The rental model shows promise, but the company will need to carefully manage its cash flow to ensure long-term success.

Registered in England/Wales under the registration number 11786666, with a registered address at S3 8LS, England, Sheffield, South Yorkshire, A6 Kollider Incubator Level 3 Castle House, Castle Street, Sheffield, S3 8ls.

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