Psi Technologies Limited

Psi Technologies Ltd, based in Waterlooville, UK, is a small holding company with an active status, having been founded 26 years ago in 1998. Employing 25 people, the company holds assets totaling £3,694,531. With three directors and one owner, it operates from a real address and regularly imports and exports machinery, boilers, and mechanical appliances, parts.

The company’s website showcases a range of services and products, positioning itself as a value-driven engineering solution provider. It works with a variety of partners and offers services like design, assembly, and control systems. A key focus is Industrial IoT, providing devices to connect assets and improve business systems. The website highlights MAC Valves as a key partner, promoting their liquid valve technology and showcasing PSI Technologies' involvement in rail industry solutions. It’s clear they’re aiming for a B2B model, targeting industrial clients with tailored engineering solutions.

Financially, Psi Technologies Ltd shows a mixed picture. While net assets increased by 25%, reaching £1,700,000, current assets only increased by 4.4% to £3,700,000. Bank borrowings decreased significantly by 54%, down to £12,000, and cash reserves dropped 32% to £270,000. Trade debtors decreased by 14%, suggesting improved collection rates. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of a mentioned auditor is common for small companies, relying on unaudited financial statements.

The decline in cash reserves, despite increased net assets, could indicate increased investment in inventory or expansion efforts. It's also possible that the company is experiencing some challenges in converting sales into cash. Overall, Psi Technologies Ltd appears to be a stable, albeit small, business, navigating the complexities of the industrial equipment market.

Registered in England/Wales under the registration number 03689664, with a registered address at PO7 7XN, Waterlooville, Hampshire, Units 10-11 Stratfield Park, Elettra Avenue.

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