Sutech Ltd.

Sutech Ltd, based in Devizes, Wilshire, UK, is a small, active company established 32 years ago. With 11 employees and £610,119 in assets, it’s a well-established player in its sector. The company, led by a single director and owner, Walker Christopher, operates from a real address within the Roundway Hill Business Centre. It regularly imports electrical machinery and equipment (21 months of activity, last in November 2023) but exports irregularly (just one month of activity, last in June 2022).

The company’s website, Traction Solutions, highlights its expertise in designing and manufacturing specialist electronics solutions. They cater to a range of industries, offering hardware and software design, printed circuit board manufacturing, and specialist diagnostics. They even offer services like conformal coating and reworking. The website showcases case studies, including work for automotive clients and the development of fuel flow driver information displays. It's clear they're not primarily an e-commerce business, but rather a B2B provider of custom electronics solutions.

Financially, Sutech Ltd’s recent performance presents a mixed picture. Current assets have decreased by 17%, dropping to £610,000, while net assets have fallen by a more significant 20%, sitting at £280,000. Bank borrowings have decreased by 33%, which is a positive sign. However, finished goods have declined by 27%, suggesting a potential slowdown in production or increased sales. The company meets the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. Depreciation for plant and machinery has remained consistent, which could be due to a lack of new investment.

Overall, Sutech Ltd appears to be navigating a period of adjustment. While the company’s long history and expertise in electronics manufacturing provide a solid foundation, the declining assets and finished goods suggest it’s facing some challenges. The decrease in bank borrowings is encouraging, but the company will need to carefully manage its resources to ensure its continued success.

Registered in England/Wales under the registration number 02760489, with a registered address at SN10 2LT, Wilts, Roundway Hill Business Centre, Devizes.

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