Smec Ltd

Smec Ltd from London UK: small company, active status, founded 5 years ago, 2 employees, £737,346 assets, virtual address, 1 director, no owners. Irregular importer of headgear and accessories (1 months imported). It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company was incorporated five years ago, on August 8, 2019, and has just two employees. Its registered address is a virtual one, with 834 other companies registered at the same location – a bit unusual, really. There’s one director, and officially, no owners are reported, though it’s likely one of them is on the director’s list.

The company operates in the information technology consultancy activities industries. It’s an irregular importer, with its top import category being headgear and accessories, totaling just one month of imports. The last import operation was conducted on January 1, 2023.

Looking at the financials, things are a little mixed. Cash bank on hand has fallen significantly, dropping 56% to £310,000. Current assets have also decreased by 30%, settling at £740,000. However, trade debtors have risen by a substantial 27%, reaching £420,000, which could indicate a change in payment terms or perhaps some delayed customer payments. Liabilities have also seen changes, with accrued liabilities decreasing by 38% and amounts owed to group undertakings dropping by 56%. Net assets, however, have improved dramatically, increasing by 280% to £99,000.

The company’s auditor, Blick Rothenberg Audit LLP, issued an unqualified report. The accounts are unaudited, which is typical for a small company. It’s worth noting that the company’s equity has improved significantly, but the reliance on trade debtors suggests a need to manage cash flow carefully. The virtual address and lack of reported owners are also points to consider, but overall, Smec Ltd appears to be holding its own, though it’s facing some financial pressures.

Registered in England/Wales under the registration number 12147111, with a registered address at WC2B 5AH, United Kingdom, London, 16 Great Queen Street, Covent Garden.

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