Simple Technology Uk Limited

Simple Technology UK Ltd, based in Oldham, UK, is a small, active company established 33 years ago in 2021. With five employees and £414,539 in assets, it operates from a virtual address – a detail flagged by the presence of 41 other companies registered at the same location. The company is led by two directors and has one reported owner, Rosser Antonio. Its Google rating is a perfect 5.0 based on a single review. Simple Technology UK Ltd is a regular importer of electrical machinery and equipment, with 50 months of import activity recorded.

The company’s website showcases a wide range of vendors and products, from 3COM to ZTE, specializing in cables, memory, network switches, and transceivers. It caters to businesses needing networking solutions, offering both new and used equipment. The site also features a blog, contact information, and a shopping basket, indicating a focus on e-commerce sales. It's clear they're targeting a B2B market, offering a comprehensive catalog for IT professionals and businesses.

Financially, Simple Technology UK Ltd shows a mixed picture. Current assets decreased by 8.4% to £410,000, while net assets remained steady at £250,000. Bank overdrafts decreased by 15%, and cash reserves increased significantly by 84% to £160,000—a positive sign. However, trade debtors dropped by a substantial 39%, suggesting potential issues with customer payments. Creditors also decreased by 16%, which is a good 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 nimble. As a small company, it is exempt from an audit, relying on unaudited financial statements.

Overall, Simple Technology UK Ltd appears to be a stable, albeit small, operation. The increase in cash reserves is encouraging, but the decrease in trade debtors warrants attention. The company’s focus on networking equipment and its e-commerce presence suggest a targeted business model, but the virtual address raises questions about its physical operations.

Registered in England/Wales under the registration number 02655125, with a registered address at OL4 1HG, England, Oldham, Alpha House, Terrace Street.

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