Shareteq Limited

Shareteq Limited is a small, active company based in Lincolnshire, UK, established nineteen years ago in 1991. With just two employees and £104,515 in assets, it operates from a virtual address – registered at 32 The Crescent, Spalding, PE11 1AF, where twenty-five other companies are also registered. The company is led by one director and owner, Hare Simon, and has been active for a long time. Shareteq Limited primarily imports machinery, boilers, and mechanical appliances; parts, with 17 months of import activity recorded, the last in December 2024. It functions as agents involved in the sale of machinery, industrial equipment, ships and aircraft.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. Is it ecommerce? It's hard to say.

Financially, Shareteq Limited presents a mixed picture. While its net assets grew slightly to £64,000, cash reserves decreased by 11% to £29,000. Bank borrowings, however, experienced a significant drop of 21%, indicating improved debt management. Trade debtors increased by 19%, which could mean the company is extending credit to customers or facing delays in payments. Depreciation charges on plant machinery increased by 51%, suggesting investment in equipment. The company meets two of the three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), and no auditor is mentioned, likely due to its small size.

Overall, Shareteq Limited appears to be a stable, albeit small, operation. The increase in trade debtors should be monitored closely, but the decrease in bank borrowings is a positive sign. It's clear the company is focused on importing and distributing machinery, but the lack of a website makes it difficult to fully understand its market position and growth potential.

Registered in England/Wales under the registration number 05505590, with a registered address at PE11 1AF, Lincolnshire, 32 The Crescent, Spalding.

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