Uk Powertech Ltd.

Uk Powertech Ltd, based in Ashton-Under-Lyne, UK, is a small, active company established 23 years ago. Employing 20 people, it holds £1,821,630 in assets and operates from a real address, managed by three directors and one owner. The company is a regular importer and exporter of electrical machinery and equipment, with 149 months of import activity and 110 months of export activity recorded.

The company’s website showcases a focus on forklift truck battery accessories, particularly formation connectors, plug sockets, and watering components. It’s clear that Uk Powertech Ltd operates primarily as a supplier to the battery industry, offering a range of products and services related to battery formation, maintenance, and charging. The website highlights expertise in materials, manufacturing processes, and sources of supply, positioning the company as a world leader in the battery industry. They even have a division specializing in high-end piano restoration, a surprising diversification from their core battery component business.

Financially, Uk Powertech Ltd presents a mixed picture. While current assets increased by 22% to £1,800,000, bank loans surged by 2,400% to £11,679, and cash reserves declined by 17% to £540,000. Creditors also increased, rising 22% to £780,000. Debtors, however, saw a significant jump, ballooning by 70% to £1,100,000. Equity increased by 15% to £1,300,000. 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 for agility, but the rise in debt suggests potential financial strain. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Uk Powertech Ltd appears to be a well-established player in a specialized niche, but the recent financial trends warrant close monitoring. The company's diversification into piano restoration, while intriguing, may not be directly contributing to its financial performance.

Registered in England/Wales under the registration number 04218769, with a registered address at OL6 6UE, England, Ashton-Under-Lyne, Unit 11 Countess Street.

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