Portable Power Technology Limited

Portable Power Technology Ltd, based in Sevenoaks, UK, is a small, active company founded ten years ago. With eight employees and £1,087,326 in assets, it operates from a real address and is led by two directors and two owners. The company regularly imports and exports electrical machinery and equipment – 152 months of imports and 11 months of exports recorded, with the latest export in June 2024.

The company’s website is not available for review, so it’s difficult to determine its exact operations beyond the import/export data. However, the company operates in the manufacture of electronic components industries.

Financially, Portable Power Technology Ltd shows a mixed picture. While cash bank on hand increased by a substantial 88% to £49,000, trade debtors have risen by 18% to £580,000. Creditors have also decreased by 32% to £36,000. The company’s net assets increased by 4.9% to £950,000. Average number of employees increased by 12% to nine. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The sharp increase in trade debtors could indicate a need to improve cash flow management, or perhaps a strategic decision to offer more credit to customers. The company’s future minimum lease payments under non-operating leases have increased by a whopping 1400% to £38,000, which could be a cause for concern. With no auditor mentioned, the financial data is unaudited.

Registered in England/Wales under the registration number 09057382, with a registered address at TN15 6ER, England, Sevenoaks, Unit 2 Meadow House Business Centre London Road, West Kingsdown.

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