Wifi Stock (uk) Ltd

Wifi Stock Uk Ltd, based in Hassocks, UK, is a small, active company established fifteen years ago in December 2009. With just two employees and £516,921 in assets, it operates from a virtual address—a point worth noting as 299 companies are registered at the same location. The company is managed by one director and owned by two individuals, Nutautas Mindaugas and Zubenas Donatas.

The business primarily focuses on the retail sale of computers, peripheral units, and software, offering a wide range of products from brands like Mikrotik, Ubiquiti, and Teltonika. Its website, wifistock.co.uk, showcases a comprehensive selection of networking equipment, wireless systems, and accessories. It’s clear they're targeting businesses and tech-savvy individuals seeking reliable solutions. The site is well-organized, though a slight refresh of the design could enhance the user experience.

Financially, Wifi Stock Uk Ltd’s recent performance shows some concerning trends. Current assets have decreased by 16%, dropping to £520,000, while net assets have also declined by 8%, settling at £260,000. Bank borrowings have seen a significant reduction, falling by 29% to £24,000—a positive sign. However, the increase in net losses from -£2,300 to -£2,300 suggests that the company is burning through money. Trade debtors have also decreased, which could indicate a tightening of credit terms or difficulties in collecting payments. It’s a small company, meeting two of three criteria for size: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small company, and the figures are unaudited.

The company is a regular importer of electrical machinery and equipment, with 50 months of import activity recorded, and has recently started exporting, with four months of export activity. It’s likely that the recent changes in the global supply chain have impacted their import costs and overall profitability.

Registered in England/Wales under the registration number 07103016, with a registered address at BN6 8QL, United Kingdom, Hassocks, West Sussex, Asm House, 103a Keymer Road.

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