Storetech Limited

Storetech Limited, based in London, UK, is a small, active company established 27 years ago in 1998. Employing just three people, it holds £2,152,476 in assets, but its registered address is likely a virtual one, as 216 other companies share the same location. The company is run by three directors and owned by two individuals, though the list of owners was changed six years ago and isn't exhaustive. Storetech Limited irregularly imports optical and medical tools and devices, with the last import operation occurring two months ago in December 2023.

The company’s primary focus appears to be retail performance management, as evidenced by its website. StoreTech specializes in providing footfall analytics to retail businesses, helping them optimize staffing, improve conversion rates, and track marketing campaign effectiveness. The website showcases a sophisticated platform with real-time dashboards, customizable reports, and integration with various people-counting technologies like Brickstream, Xovis, and Irisys. It’s clear that Storetech isn't selling products directly but rather offering a service to help retailers better understand their customer traffic and sales performance.

Financially, Storetech Limited presents a mixed picture. While cash reserves increased by 21% to £700,000, trade debtors increased by a significant 200% to £260,000, suggesting potential issues with customer payments. Creditors also rose 30% to £400,000, and net losses deepened, though the specific amount isn't provided. The company's small size—meeting two of three criteria to be considered small—helps it remain nimble, but the increase in debt warrants attention. Bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. The lack of an auditor mentioned suggests it’s exempt as a small company, so the figures rely on unaudited statements. It's worth noting that the company’s net assets increased by 1.8% to £1,800,000.

Overall, Storetech Limited seems to be navigating a challenging environment. Its focus on footfall analytics positions it well to serve the retail sector, but the increase in debt suggests it may be facing some financial strain. The company’s success will likely depend on its ability to maintain its customer base and manage its finances effectively.

Registered in England/Wales under the registration number 03509775, with a registered address at W1F 7TA, England, London, Thorne Lancaster Parker, 5th Floor Palladium House, 1-4 Argyll Street.

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