Statech Solutions Limited

Statech Solutions Limited, based in Spalding, UK, is a small, family-run business with an active status. Founded fourteen years ago in 2011, the company employs six people and holds £900,842 in assets. It operates from a real address and is led by two directors and two owners. Google users rate it 4.0 out of 5 based on three reviews. Statech Solutions is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import activity recorded one month ago.

The company’s website is minimal, offering little insight into its operations beyond a listing on business directories. It appears to be primarily focused on electrical installation work, rather than direct-to-consumer sales.

Financially, Statech Solutions shows a mixed picture. Current assets increased by 29%, reaching £900,000, while net assets also rose by 22% to £760,000. However, trade debtors surged by a substantial 140%, reaching £350,000, suggesting potential difficulties in collecting payments. Bank borrowings increased by 21%, reaching £70,000. Creditors also rose by 79%, reaching £90,000. Cash reserves remained relatively stable at £550,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increase in debtors may indicate a need for closer attention to cash flow management. Being exempt from an audit, the financial data relies on unaudited reports.

Registered in England/Wales under the registration number 07636385, with a registered address at PE12 9UN, Spalding, Lincolnshire, Unit 4 Railway Lane Ind Est, Railway Lane Sutton Bridge.

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