Precept It Limited

Precept It Ltd, based in Belfast, UK, is a small holding company with an active status, established thirteen years ago. Employing thirteen individuals and holding assets of £2,004,467, the company operates from a virtual address, registered at Forsyth House, Cromac Square, a location shared by fifteen other companies. It’s managed by two directors and has one owner, and enjoys a stellar 5.0 Google rating based on 193 reviews. The company irregularly imports electrical machinery and equipment, with the last import operation occurring in August 2023.

Precept IT provides IT support and managed services to businesses across London, Belfast, and Dublin. Their website showcases a comprehensive range of services, from Microsoft 365 migrations and cloud solutions to cybersecurity and hardware procurement. It's clear they cater to a diverse clientele, including charities, legal firms, and residential care providers, offering solutions from basic IT support to complex cloud infrastructure. The website doesn’t appear to be an e-commerce site; instead, it functions as a detailed brochure showcasing their expertise and service offerings.

Financially, Precept It Ltd presents a mixed picture. While cash bank on hand impressively increased by 48% to £1,900,000, current assets also grew by 49% to £2,000,000. However, net assets rose by a more modest 39% to £2,200,000, and net losses deepened, suggesting increased operating expenses. Trade debtors surged by a significant 83%, possibly indicating a delay in customer payments or a shift towards more credit-based sales. Creditors also increased by 11%, which could be related to the increased trade debtors. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the increased losses and growing debt require close monitoring. As a small company, it is exempt from an audit, relying on unaudited accounts. The company’s financial performance reflects the challenges and opportunities inherent in a growing service business, and it will be interesting to see how it navigates the evolving IT landscape.

Registered in Northern Ireland under the registration number NI607970, with a registered address at BT2 8LA, Belfast, Co Antrim, Forsyth House, Cromac Square.

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