Trackunit Ltd
- Small
- Active
- 11 years
- 12 employees
- £4,764,055 (assets)
- Virtual address
- 2 directors
- 1 owner
- Regular importer
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Trackunit Ltd is a small, active company based in London, UK, founded eleven years ago in February 2014. With eleven employees and £5,084,266 in assets, it operates from a virtual address shared by seventy-four other companies, a bit odd really. The company is led by two directors and has one owner, Brogaard Soeren. Trackunit Ltd is a regular importer of electrical machinery and equipment, with 64 months of import activity recorded, the latest in February 2025. The company operates in the “other professional, scientific and technical activities n.e.c.” industries.
The company's website, trackunit.com, is a bit sparse, offering little insight into its specific operations beyond a corporate profile. It doesn’s appear to be an e-commerce site, suggesting a business-to-business model focused on providing services or solutions rather than direct retail.
Financially, Trackunit Ltd presents a mixed picture. While current assets have increased by a solid 28% to £5,100,000, net losses have deepened to -£6,100,000. Bank borrowings have surged by 16%, reaching £6,100,000, and cash reserves have increased by a remarkable 950%, sitting at £1,900,000. Creditors have also increased by 9.5%, reaching £11,000,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the significant net loss raises questions about its long-term sustainability. The company’s deferred tax asset debtors have increased by 72%, which could be a positive sign.
The accounts, audited by Hentons, show a shift in focus. The increase in bank borrowings suggests the company may be investing in growth or facing short-term cash flow challenges. The substantial cash reserves, however, provide a buffer. The significant losses could be due to initial investment costs or increased competition. The company's focus on importing electrical machinery and equipment, combined with its business-to-business model, likely requires careful management of supply chains and customer relationships.
Registered in England/Wales under the registration number 08902469, with a registered address at EC1N 8SU, England, London, 27 Greville Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 4 years
- psc
-
Resident of Denmark
Managers
-
Individual
- 4 years
-
Resident of Denmark
-
Corporate
- 11 years
- 91
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted four months ago.
Last news
-
Accounts for a small company made up to 2024-12-31Download 9 pages pdf report
-
Satisfaction of charge 089024690003 in fullDownload 1 page pdf report
-
Confirmation statement made on 2025-02-19 with updatesDownload 4 pages pdf report
Importer profile by HS codes
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Last imported products
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