Xtec Limited

Xtec Limited is a small, active company based in Manchester, UK, founded eight years ago. With two employees and £161,181 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company is a regular importer, specializing in electrical machinery and equipment, with 28 months of import activity recorded, the latest in August 2023.

Xtec System Ltd’s website showcases a diverse range of services and products, spanning from access control systems and CCTV surveillance to audio solutions and IT consultancy. It appears to cater to both commercial and industrial clients, offering everything from AI-powered parking guidance to bespoke software customization. The site emphasizes innovation and engineering expertise, positioning the company as a full-service provider for security, IT, and communication needs. They even have a section for new innovations, which is a nice touch.

Financially, Xtec Limited presents a mixed picture. Bank borrowings decreased by 7.3% to £76,000, and cash reserves dropped dramatically by 170% to -£37,000 – a significant swing. Creditors also saw a decline, falling 6% to £150,000, suggesting some improvement in debt management. However, trade debtors surged by 100%, indicating potential issues with collecting payments. Despite these challenges, the company’s small size (meeting two of three criteria for a small company) allows for flexibility. The accounts are described as “filleted” and unaudited, meaning they are simplified and don’t undergo external scrutiny.

While Xtec Limited’s diverse offerings and engineering focus are promising, the financial data reveals some instability. The sharp decline in cash reserves and the rise in trade debtors suggest the company may be burning through money faster than it’s bringing it in. Whether this is a temporary setback or a longer-term trend remains to be seen—but for now, Xtec Limited appears to be navigating a period of financial pressure.

Registered in England/Wales under the registration number 10703003, with a registered address at M8 8HQ, United Kingdom, Manchester, Greater Manchester, Unit 4, Top Floor 30-32, Knowsley Street.

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