Xpo It Services Limited

Xpo IT Services Ltd, based in Telford, UK, is a small, holding company with an active status, having been established 27 years ago in 1998. The company employs 16 people and holds assets totaling £217,299. It operates from a real address and is overseen by three directors and one owner, boasting a respectable Google rating of 4.0 based on four reviews. Xpo IT Services regularly imports machinery, boilers, and mechanical appliances parts (for six months), and exports similar items (for 27 months).

The company's website highlights its focus on IT asset disposition (ITAD) services, offering secure data destruction, sanitization, remarketing, and WEEE recycling. It caters to businesses needing to responsibly dispose of outdated IT equipment, emphasizing data security, environmental compliance, and asset value recovery. The site details a structured process from collection and data security to sustainable disposal and reporting, and even offers to purchase surplus equipment. The company serves customers across the UK, with a detailed list of regions available on their website.

Financially, Xpo IT Services Ltd presents a mixed picture. Current assets have decreased significantly by 38%, dropping to £220,000. Bank cash has also fallen by 48%, leaving only £37,000. Debtor values have remained relatively stable. However, creditors have risen by 25%, reaching £270,000, which could indicate increased reliance on credit. Retained earnings and accumulated losses have declined considerably, resulting in a net asset liability of £900,000. Key management personnel compensation has increased by 44%, suggesting potential investment in leadership. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The financial report doesn't mention an auditor, which is common for small companies.

While the company seems to be actively involved in IT recycling and disposal, the financial data suggests it may be burning through cash. The significant decrease in equity and reliance on credit could pose challenges in the long run. It’s clear that Xpo IT Services is working hard to provide a valuable service, but the financial health needs to be closely monitored.

Registered in England/Wales under the registration number 03557716, with a registered address at TF7 4QW, England, Telford, Shropshire, Tech Point Halesfield 9, Halesfield Industrial Estate.

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