V-tech Uk Ltd

V Tech Uk Ltd from Ilford UK is a small, active company founded 22 years ago. It employs 11 people and holds £3,702,826 in assets. As a family business with two directors and two owners, it operates from a real address and has been importing and exporting optical and medical tools and devices for a considerable time – 114 months of imports and 3 months of exports. The company’s core business involves wholesale trade of motor vehicle parts and accessories, and retail trade of motor vehicle parts and accessories.

The company's website, while not providing detailed information, suggests a focus on supplying parts and accessories for motor vehicles. It's unclear if they operate an e-commerce platform directly or primarily serve wholesale clients.

Financially, V Tech Uk Ltd presents a mixed picture. While current assets increased by 48% to £3,700,000, net assets also rose by 12% to £810,000. However, bank borrowings surged by 12% to £400,000, and cash reserves fell by 30% to £28,000. Trade creditors increased by 28% to £1,200,000, which could indicate expansion or increased supplier costs. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in bank borrowings warrants attention. With no auditor mentioned, the figures rely on unaudited statements.

Overall, V Tech Uk Ltd appears to be a stable, long-standing business, but the rise in debt suggests they may be investing in growth or facing increased operational expenses.

Registered in England/Wales under the registration number 04581693, with a registered address at IG6 3HZ, Ilford, Essex, Sn Autohaus, 181 Forest Road Hainault.

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