Xitek Limited

Xitek Ltd, based in Malvern, UK, is a small, active company founded 28 years ago in 1997. With 11 employees and £1,243,040 in assets, it operates from a real address within the Haysfield Business Centre. Five directors and two owners manage the business, which maintains a stellar 5.0 Google rating based on one review. The company’s core activity involves the manufacture of electronic measuring and testing equipment, not for industrial process control.

While primarily focused on manufacturing, Xitek Ltd exhibits a somewhat unusual import/export profile. It’s an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of October 2023. However, it's a regular exporter of the same equipment, boasting 50 months of export activity, with the last shipment occurring in January 2025. This suggests a focus on overseas markets.

Financially, Xitek Ltd shows a mixed picture. Current assets have increased by a substantial 46%, reaching £1,200,000, while net assets have also risen significantly by 52%, reaching £1,000,000. Cash reserves have seen a healthy increase of 65%, reaching £440,000. However, bank borrowings have also increased, and trade debtors have ballooned by 47%, which could indicate challenges in collecting payments. Creditors have also risen by 28%, suggesting increased reliance on short-term financing. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

The company’s financial data reveals a period of growth, but also some potential vulnerabilities. The increase in debtors and creditors warrants close monitoring, and the company’s ability to maintain its growth trajectory will depend on its ability to manage these factors effectively. It is important to note that the company’s financial statements are unaudited.

Registered in England/Wales under the registration number 03343073, with a registered address at WR14 1GF, Spring Lane North Malvern, Worcestershire, Unit B2, Haysfield Business Centre.

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