Uk Technology Limited

Uk Technology Ltd, based in Leeds, UK, is a small, active company founded two years ago. It employs three people and holds £116,189 in assets, operating from a virtual address shared by seventy-eight other companies. The company is led by a solo founder who also serves as director and owner. It’s a regular importer of electrical machinery and equipment, with five months of import activity recorded, the last in December 2024.

The company's website, UK Technology, showcases a range of smart charging devices, smart home gadgets, and retro radios—all available for online purchase. It's a modern e-commerce operation, offering free next-day shipping on orders over £49 and a 12-month guarantee on all products. The site highlights customer testimonials praising fast charging, ease of use, and excellent customer service. It also has a blog with articles on technology trends and product reviews.

Financially, Uk Technology Ltd presents a mixed picture. Current assets have decreased by 32% to £120,000, while net assets have plummeted 160% to -£260,000. Bank borrowings have increased significantly, rising by an unstated amount to £9,700. Creditors have also increased by 37% to £380,000. 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 flexibility, but the substantial equity decline raises concerns. The company’s accounts are unaudited, as is common for small businesses.

While the website appears active and well-stocked, the financial data suggests the company is burning through money. The rise in bank borrowings and the decrease in cash reserves are particularly worrying. It’s possible that the company is investing heavily in marketing and inventory to drive sales, but the long-term sustainability of this strategy remains to be seen.

Registered in England/Wales under the registration number 14570873, with a registered address at LS1 2HL, England, Leeds, C/O Azets, 12 King Street.

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