Willow Tec Limited

Willow Tec Limited, based in Petersfield, UK, is a small, family-run business with an active status, having been founded eleven years ago in 2013. The company employs five people and holds £180,593 in assets, operating from a real address and managed by two directors and owners. It has a stellar 5.0 Google rating based on three reviews. Willow Tec is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import activity recorded one month ago. The company operates in the business and domestic software development industries.

The company’s website is not available, so it’s difficult to determine the specifics of their operations. However, the description suggests a focus on software development, potentially offering services to both businesses and individual consumers. Without a website, it’s impossible to know if they operate an e-commerce platform or primarily offer services directly.

Financially, Willow Tec Limited presents a mixed picture. While current assets increased by 7.5% to £180,000, and cash bank on hand grew by 18% to £150,000, there are some concerning trends. Debtor’s decreased by 25%, which could indicate difficulties in collecting payments from customers. Provisions for liabilities increased significantly, by 230%, suggesting a potential increase in future obligations. Equity rose by 23%, to £190,000, which is a positive sign, but the increase in bank borrowings, though not substantial, should be monitored. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The financial statements are unaudited and prepared in accordance with small companies regime.

Overall, Willow Tec Limited appears to be a stable, albeit small, operation. The increase in assets and cash is encouraging, but the decrease in debtors and increase in liabilities warrant closer attention. The company’s family ownership and focus on software development suggest a long-term perspective, but continued monitoring of its financial health is essential.

Registered in England/Wales under the registration number 08743354, with a registered address at GU31 4YS, England, Petersfield, Pegswood House, 4 The Mount, Hoggarth Close.

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