Simplytech Communication Ltd

Simplytech Communication Ltd, based in Newark, UK, is a small, active company established ten years ago. It's a real address operation with one director and owner, holding a stellar 5.0 Google rating from two reviews. The company regularly imports ships, boats, and floating structures, with three months of import activity recorded, the latest in June 2023.

The company’s website, eBay, reveals a diverse range of products for sale, from electronics and cars to fashion and collectibles. It’s a bustling online marketplace, with listings for everything from laptops and watches to dog food and pianos. While the company’s core business involves retail via internet sales, the sheer variety of items suggests a broad-based operation catering to a wide range of customer needs.

Financially, Simplytech Communication Ltd presents a mixed picture. Cash bank on hand has dropped significantly, falling 57% to £28,000. However, debtors have increased dramatically, rising 2100% to £8,600—a surprising jump that could indicate expanding credit terms or delayed customer payments. Equity, however, remains stable at £1, while creditors have decreased by a large 79%, suggesting better debt management. Property, plant, and equipment has also increased by 12%, reaching £1,500. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Simplytech Communication Ltd seems to be navigating a period of change. While cash reserves are down, the increase in debtors and decrease in creditors suggest a focus on managing finances—though the reasons behind these trends remain unclear.

Registered in England/Wales under the registration number 09360360, with a registered address at NG24 2PH, England, Newark, 23 Snowdrop Avenue.

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