Revitalise It Limited

Revitalise IT Limited, based in Reading, UK, is a small, active company founded six years ago in 2018. With ten employees and £804,823 in assets, it operates from a real address and is led by two directors and one owner. The company is an irregular importer of electrical machinery and equipment, with just one month of import activity recorded, and a regular exporter of machinery, boilers, and mechanical appliances, boasting 51 months of export activity. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website highlights its core business: IT asset management solutions. Revitalise IT positions itself as a leading provider, offering services like IT remarketing, data erasure, deployment, imaging, and WEEE recycling. The site emphasizes sustainability, professionalism, and reliability, catering to global businesses seeking to maximize returns on end-of-life IT equipment. It’s clear they’re focused on a B2B market, offering a range of services from secure asset collection to supply chain management, and even offering a company brochure for download.

Financially, Revitalise IT Limited presents a mixed picture. Cash bank on hand increased significantly by 130% to £250,000, a positive sign. However, creditors have increased substantially, with both ‘within one year’ and ‘after one year’ liabilities rising dramatically—780% and 19% respectively. Trade debtors have also decreased by a considerable 61%, which could indicate challenges in collecting payments. Equity, while up 83%, is still relatively modest at £130,000. Net assets liabilities have also increased by 83% to £310,000. The company’s fixed assets have also increased by 54%, to £100,000. With no auditor mentioned, the unaudited accounts rely on director-reported data.

Overall, Revitalise IT Limited appears to be growing, but the increase in liabilities suggests it may be burning through cash to fuel that growth. The strong cash position provides a buffer, but careful management of creditors will be crucial for long-term financial health.

Registered in England/Wales under the registration number 11336801, with a registered address at RG6 1AZ, England, Reading, 11-12 Sutton Business Park Sutton Park Avenue, Earley.

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