Xenith Document Systems Ltd

Xenith Document Systems Ltd from London UK is a large company, holding company, with an active status. Established 46 years ago in 1978, it employs 56 people and holds £14,479,034 in assets. The company operates from a virtual address, with 8935 other companies registered at the same location, and is managed by three directors and one owner. It has a Google rating of 4.0 based on seven reviews and is an irregular importer of electrical machinery and equipment, with the last import operation occurring one month ago.

Xenith Document Systems Ltd specializes in modernizing device management, extracting data, and improving document workflows. As a technology partner, it enhances security, boosts employee performance, and uncovers business value. The company’s website highlights its services, including digital transformation, document automation, security, managed print services, and IT services. It also features case studies and resources, such as guides on finance automation and the ROI of PCasaService. Client testimonials praise Xenith's ability to streamline operations, reduce costs, and improve productivity.

Financially, Xenith Document Systems Ltd presents a mixed picture. Current assets remained stable at £14,000,000, while net assets increased by 5.6% to £13,000,000. However, bank borrowings surged by 16%, reaching £12,000,000, and cash reserves fell by 69% to £420,000. Creditors increased by 56% to £680,000, and trade debtors decreased by 890%, suggesting delayed customer payments. The company’s size, meeting two of three criteria for a large company, suggests it’s navigating a competitive market. The lack of an auditor mentioned in the report implies that the figures are unaudited.

Overall, Xenith Document Systems Ltd appears to be a well-established company, but the sharp increase in bank borrowings and decrease in cash reserves raise questions about its financial health. It’s likely that the company is investing in growth initiatives, but it will need to carefully manage its debt to ensure its long-term sustainability.

Registered in England/Wales under the registration number 01406243, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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