Vitech Systems Limited

Vitech Systems Limited is a small, active holding company based in Tunbridge Wells, UK. Established sixteen years ago in 2008, it employs nine people and holds assets of £2,462,616. The company operates from a real address, with two directors and one owner at the helm, and boasts a perfect 5.0 Google rating based on a single review. It’s a regular importer of electrical machinery and equipment, with the latest import activity recorded in October 1, 2024.

The company’s website is currently unavailable, so it's difficult to determine the specifics of its operations beyond the import activity. However, it operates in the security systems service activities industries.

Financially, Vitech Systems Limited shows a mixed picture. Current assets have increased by a substantial 47% to £2,500,000, while net assets have also risen by 29% to £1,100,000. Cash reserves have seen a significant boost, increasing by 200% to £360,000. However, bank borrowings have remained stable, and creditors have increased by 69%. Trade debtors have also risen, suggesting a possible reliance on customer payments. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the increase in creditors warrants monitoring. There is no auditor mentioned, so the financial statements are unaudited.

The rise in assets and cash reserves suggests a period of growth, but the increase in creditors could indicate a need to manage short-term liabilities. The company’s status as a holding company implies it may have investments in other businesses, which could be contributing to its financial performance.

Registered in England/Wales under the registration number 06673720, with a registered address at TN1 1YP, England, Tunbridge Wells, 43a Little Mount Sion.

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