Primetech (uk) Limited

Primetech (uk) Limited, based in Bodmin, UK, is a small, active company founded 27 years ago in 2028. With seven employees and £19,356 in assets, it operates as a solo-founded business with two directors. The company runs an e-commerce site and regularly imports electrical machinery and equipment, with its last import activity recorded four months ago. It’s a real address, and only one company registered at the same address.

Primetech’s website showcases a range of video surveillance and safety equipment, including body-worn cameras, helmet cameras, and digital evidence management systems. The site targets commercial and industrial clients, emphasizing features like live streaming, encrypted data retrieval, and rapid deployment CCTV. It’s a well-designed site, and the products are clearly presented.

Financially, Primetech (uk) Limited is showing some concerning trends. Current assets have plummeted 73% to £19,000, and net assets have dropped a staggering 130% to -£10,000. Cash reserves have also taken a hit, falling 57% to £17,000. Trade debtors have shrunk dramatically, down 98% to just £390, and creditors have decreased by 51% to £30,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

While the e-commerce side appears active and the product range is well-defined, the financials suggest the company is burning through cash. The significant drop in equity is a red flag, and the reliance on creditors to cover expenses isn't sustainable long term. It’s possible the company is investing heavily in marketing or expanding its product line, but without more information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 03541057, with a registered address at PL31 1JT, Bodmin, Cornwall, 79 Higher Bore St.

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