Stratec Limited

Stratec Limited is a small, holding company based in Ellon, UK, with an active trading status. Founded four years ago in June 2020, it employs nine people and holds £183,944 in assets. The company operates from a real address, overseen by three directors and one owner. Stratec is a regular importer, primarily bringing in textile padding, felt, and nonwoven fabrics, special yarns, and ropes and cables – with three months of import activity recorded, the last being March 1, 2024.

The company’s website is non-existent, making it difficult to ascertain its online presence or direct sales activities. However, its description as operating in the non-specialised wholesale trade industries suggests a business-to-business model, likely supplying other companies with its imported goods.

Financially, Stratec Limited presents a mixed picture. Current assets have plummeted by 76%, dropping to £180,000, while net assets have fallen 83%, now standing at just £9,500. Bank borrowings have decreased significantly, but cash reserves have also declined by 48%, leaving just £4,800. Trade debtors have increased by 56%, which could indicate a shift in payment terms or an increase in sales on credit. Creditors have also risen considerably, suggesting increased short-term liabilities. 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 for flexibility, but the substantial decline in equity raises concerns. As a small company, it's likely exempt from an audit, so the financial data is unaudited.

The significant decrease in net assets and cash reserves, despite increased trade debtors, suggests Stratec is burning through money. The reasons for this could be a number of factors, such as increased operating costs, a slowdown in sales, or a change in payment terms with suppliers. It's also possible that the company is investing in new inventory or expanding its operations, which could temporarily strain its finances.

Registered in Scotland under the registration number SC665393, with a registered address at AB41 8DR, Scotland, Ellon, Aberdeenshire, Nursery Lodge, Loch-Hills Road.

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