Remote Tech Ltd

Remote Tech Ltd, based in London, UK, is a small holding company with an active status, established eight years ago in 2016. Employing ten people and holding £2,770,117 in assets, it operates from a virtual address – a detail flagged by the fact 299 companies are registered at the same location. The company is overseen by three directors and has one owner, although this ownership isn't fully exhaustive.

The business focuses on two key areas: importing optical and medical tools and devices regularly (spanning eight months, with the latest import in June 2024) and occasionally exporting machinery, boilers, and mechanical appliances (just two months of export activity, concluding in September 01, 2024). Its website highlights a focus on IoT solutions for various industries, partnering with forward-thinking companies to solve important challenges. They offer custom IoT solutions, particularly in areas like Legionella control and offer a partner program for businesses seeking to integrate their technology. The company's operations extend to research and development, with a particular emphasis on remote monitoring and data-driven decision-making.

Financially, Remote Tech Ltd presents a mixed picture. While cash reserves increased by a healthy 36% to £100,000, net assets dramatically improved, rising 120% to £2.7 million. However, amounts owed to group undertakings plummeted 99% to just £17,000, which is a significant change. Trade debtors also decreased, falling 18% to £980,000. Creditors, however, decreased by 91%, dropping to £35,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the substantial changes in liabilities suggest a period of adjustment. No auditor is mentioned, indicating an exemption for small companies. The company's focus on IoT solutions and partnerships, combined with its financial adjustments, indicates a company adapting to market demands and seeking sustainable growth.

Registered in England/Wales under the registration number 10422879, with a registered address at EC2Y 5AU, England, London, 6th Floor 2 London Wall Place.

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