Skytech Solutions Uk Limited

Skytech Solutions UK Ltd, based in Birmingham, is a small, active company founded 16 years ago. With eight employees and £503,826 in assets, it operates from a real address and is overseen by four directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 4 months of import activity recorded, the last in December 2022. It also exports these items, but irregularly, with just one month of export activity as of December 1, 2021.

The company’s website highlights its focus on IT asset disposition, eWaste collection, and data destruction. It offers a complete ITAD service, including 100% recycling and a hassle-free collection process. They also provide industry-leading data destruction tools and cater to sectors like health, local government, and education, offering free IT disposal and recycling for the NHS. Their website also mentions a service for schools and colleges.

Financially, Skytech Solutions UK Ltd shows a mixed picture. Cash reserves increased significantly by 41%, reaching £400,000, while current assets grew by 9.6% to £500,000. However, trade debtors decreased by 18%, and total inventories plummeted 46% to £81,000. Bank borrowings decreased by 29%, and net assets increased by 12% to £420,000. 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 flexible, but the decrease in inventories raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Skytech Solutions UK Ltd is showing growth in some areas, but it’s important to keep an eye on the decrease in inventories and the potential impact on future performance. The company’s focus on specialized IT services and commitment to environmental responsibility positions it well for continued success.

Registered in England/Wales under the registration number 06847023, with a registered address at B5 5NF, England, Birmingham, Unit 2, Oxford Court,, 6 Oxford Street.

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