Secure Itad Limited

Secure Itad Ltd, based in Halstead, UK, is a small, active company founded eleven years ago in 2014. With twelve employees and £830,486 in assets, it operates as a solo-founded business overseen by four directors and a single owner. The company has a real address and regularly imports electrical machinery and equipment (four months of activity) and exports machinery, boilers, and mechanical appliances (seven months of activity).

The company’s website is non-existent, making it difficult to determine the full scope of its operations beyond the import/export activities. It appears to be a B2B operation rather than a direct-to-consumer e-commerce business.

Financially, Secure Itad Ltd shows some concerning trends. While current assets increased slightly to £830,000, bank cash dropped significantly by 61% to £92,000. Trade debtors decreased by a substantial 28%, which could be a good sign of improved collections, but also suggests a reduction in sales. Creditors also decreased by 27%, which is a positive sign. The company’s net assets increased by 4.1% to £900,000, which is a good sign. The company’s fixed assets decreased by 8.8%, which could be due to depreciation or asset sales. The company’s investments increased by 12000, which is a positive sign. The company’s other creditors increased by 16%, which is a negative sign. The company’s other debt increased by 510%, which is a very concerning sign.

The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decrease in cash reserves and the large increase in other debt are worrying. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements. The company’s increase in investments is a positive sign.

Overall, Secure Itad Ltd seems to be facing some financial pressure. While it has a solid foundation, the decrease in cash reserves and increase in other debt suggest it may need to carefully manage its finances in the coming months.

Registered in England/Wales under the registration number 08935227, with a registered address at CO10 0BD, England, Sudbury, Suffolk, 7-9 Bull Lane Industrial Estate, Acton.

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