U T T Limited

Utt Ltd from Leicester UK: small company, active status, founded 29 years ago, 14 employees, £309,687 assets, real address, 3 directors, 2 owners. Regular importer of basic metal tools and utensils (6 months imported). It’s a small, established business operating in Leicester, with a solid track record spanning nearly three decades. The company, employing 14 people, holds assets valued at £309,687 and maintains a real registered address, suggesting a stable presence. Three directors and two owners oversee operations, and its status is currently active. Utt Ltd specializes in importing basic metal tools and utensils, with recent activity recorded six months ago.

The company’s website isn't available, so it’s difficult to determine the exact nature of its operations beyond the import activity. It’s likely that Utt Ltd supplies these tools and utensils to other businesses, rather than directly to consumers, given the focus on wholesale import.

Financially, Utt Ltd presents a mixed picture. While cash reserves have declined by 29%, dropping to £91,000, net assets have also fallen by 5.4%, settling at £950,000. Creditors have increased significantly, rising by 31% to £150,000, while trade debtors have also risen by 28%, reaching £200,000. It’s worth noting that the company’s small size—meeting two of three criteria for a small company—helps it maintain agility. The lack of an auditor mentioned is likely due to the company’s exemption as a small entity. Overall, the company appears to be facing some financial pressures, but it’s still operating and managing its debts. The decline in cash reserves could be due to increased investment in inventory or other business expenses. It's possible that the rise in debtors is a result of extending credit terms to customers, which could be a strategy to boost sales.

Registered in England/Wales under the registration number 03098220, with a registered address at LE4 2BQ, England, Leicester, 19 Ashton Close.

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