Virtek Solutions Limited

Virtek Solutions Ltd, based in East Kilbride, UK, is a small, active company founded six years ago. With five employees and £349,226 in assets, it operates as an irregular importer of machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in August 2020. The company has two directors and two owners, and its registered address is real, shared by only two other businesses.

The company's website is unavailable, making it difficult to determine its exact operations beyond the import activities. However, it’s known to operate in the photocopying, document preparation, and other specialised office support activities industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Virtek Solutions Ltd presents a mixed picture. Current assets have decreased by 7.1% to £350,000, while net assets have declined by 26% to -£60,000. Bank borrowings have been reduced by 17%, and cash reserves have increased by 49% to £110,000. Trade debtors have fallen by 21%, suggesting improved collection rates. The company's retained earnings have decreased by 26%. While the increase in cash is positive, the negative equity and declining net assets could indicate financial strain. The company is exempt from an audit due to its small size, and the financial data is unaudited. It’s likely that the company is experiencing typical startup challenges, but the trend of declining equity warrants close monitoring.

Registered in Scotland under the registration number SC627312, with a registered address at G75 0QD, Scotland, East Kilbride, Arx House Suite 13, Arx House, James Watt Avenue, Scottish Enterprise Technology Park.

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