Videx Security Limited

Videx Security Ltd from Barnet, UK, is a large, active company founded 39 years ago in 1985. Employing 64 people and boasting a yearly revenue of £11,765,566, it’s a significant player in the security industry. The company operates from a virtual address, a point of note as sixteen companies are registered at the same location. It’s a family business with five directors and two owners, and regularly imports and exports electrical machinery and equipment, having imported for 41 months and exported for 17 months.

The company’s website is minimal, offering little insight into their operations beyond contact information and a basic company profile. There’s no e-commerce presence, suggesting Videx Security Ltd primarily operates through direct sales, installations, and service contracts rather than online retail.

Financially, Videx Security Ltd presents a mixed picture. While turnover remained steady at £12 million, net assets decreased by 13% to £1.5 million. Bank borrowings increased by 21% to £430,000, while cash reserves fell 37% to £320,000. Creditors increased by 10% to £2.3 million, indicating a reliance on trade credit. Depreciation expenses increased by 28% to £67,000, suggesting investment in new equipment or upgrades. The company’s size (meeting two of three criteria for a large company) helps it remain competitive, but the decrease in cash reserves and increase in debt warrants attention. The lack of an auditor mentioned suggests the company is exempt from external auditing, relying on internally prepared financial statements.

The increase in depreciation could be a sign of growth and modernization, but the decrease in cash reserves and increase in debt suggest the company may be burning through money faster than it's generating it. The reliance on trade credit could also be a sign of cash flow challenges.

Registered in England/Wales under the registration number 01941721, with a registered address at EN5 4BE, Barnet, Herts, Regency House, 33 Wood Street.

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