Smart Tech Group Limited

Smart Tech Group Limited is a small, active company based in Preston, UK, founded five years ago in 2019. With £80,005 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Patel Shehzad. The business operates in the retail sale via mail order houses or via internet industries, partnering with high-end department stores like Selfridges, KaDeWe, and Printemps to showcase innovative tech products. Its website describes a “store of the future” offering immersive experiences and cutting-edge technology, from gaming to bike shops.

The company’s focus is on creating retail spaces that engage customers and showcase unique qualities. They work with tech companies from Silicon Valley to launch products in premier retail stores worldwide, adding credibility and providing a platform for brand exposure. They have a good team to work with.

Financially, Smart Tech Group Limited shows a mixed picture. Current assets dropped by 39% to £80,000, while bank borrowings increased by 19% to £40,000. Cash reserves plummeted 100% to just £100—a significant decrease. Bank overdrafts increased by 440% to £6,800, which is a lot. Creditors decreased by 19%, suggesting better debt management. 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 stay agile, but the sharp cash drop and increased overdrafts raise questions. There was no auditor mentioned, likely exempt as a small company, so the figures rely on unaudited statements.

While the retail partnerships and innovative approach appear promising, the financials reveal some strain. Whether Smart Tech Group Limited can sustain its growth and manage its finances effectively remains to be seen, but they have a good team to work with.

Registered in England/Wales under the registration number 12329258, with a registered address at PR1 6TD, United Kingdom, Preston, 108 St. Stephens Road.

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