Servicex Ltd

Servicex Ltd, based in Manchester, UK, is a small, active company established eleven years ago in 2014. With fifteen employees and £437,313 in assets, it operates from a real address and is managed by a single director and owner. The company regularly imports electrical machinery and equipment—a consistent activity spanning twenty-eight months, with the latest import in November 2022—and exports vehicles, parts, and accessories (excluding trains and trams), with fourteen months of export activity, the last in January 2025. It’s a private limited company, and the accounts are unaudited, likely due to its small size.

The company’s website is non-existent, so it’s impossible to determine if it’s an e-commerce business. However, it operates within the "other information technology service activities" industries.

Financially, Servicex Ltd presents a mixed picture. Current assets have decreased by 19%, dropping to £440,000, while net assets have also fallen, though less dramatically, by 1.8% to £87,000. Bank borrowings have increased by a significant 14%, reaching £90,000, and cash reserves have plummeted by a substantial 81%, leaving just £79,000. Trade debtors have taken a major hit, ballooning by 390% to -£95,000—a worrying sign of potential payment issues. Creditors, however, have decreased by 45%, suggesting better management of short-term debts. The company meets the criteria for a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The sharp decline in cash reserves and the surge in trade debtors are concerning, suggesting the company may be burning through money faster than it’s receiving payments. However, the decrease in creditors indicates some level of financial discipline. The lack of an auditor—a common occurrence for small, exempt companies—means these figures are self-reported and haven’t been independently verified. Taqui Hamid Mahmood, the sole director and owner, will need to address these trends to ensure the company’s long-term stability.

Registered in England/Wales under the registration number 08876370, with a registered address at M12 4RY, Manchester, 4 Redgate Lane, Off Hyde Rd.

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