Xtel Technology Sourcing Ltd

Xtel Technology Sourcing Ltd is a small, active company based in Sutton, UK, founded two years ago. With two employees and £331,629 in assets, it’s a solo-founded operation managed by four directors and one owner. The company regularly imports and exports electrical machinery and equipment, with 6 months of import activity and 19 months of export activity recorded, the latest in November 2024.

The company’s website highlights its focus on providing telecommunications hardware and services to reduce customer costs and minimize risk. XTEL positions itself as a global leader and OEM partner, offering multi-brand hardware, technical engineering, logistics, and asset management. Services include fiber optics and tech support, with a focus on customer reviews and a simple contact form. The site also includes a copyright notice and a link to its privacy policy.

Financially, Xtel Technology Sourcing Ltd shows a mixed picture. Current assets remained stable at £330,000, while cash reserves held steady at £77,000. However, net assets declined to -£5,400, and equity fell to -£5,400, indicating potential losses. Bank borrowings remained at £0, and creditors stayed at £340,000. Trade debtors increased to £250,000, and other debtors increased to £83,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the negative equity is a cause for concern. As a small company, it is exempt from an audit, and the figures are unaudited.

While the company appears to be actively importing and exporting, the negative equity suggests it may be burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen—but for now, Xtel Technology Sourcing Ltd is betting on its expertise in telecommunications hardware and services to turn the tide.

Registered in England/Wales under the registration number 14412289, with a registered address at SM1 2AE, United Kingdom, Sutton, Surrey, City House, Suttton Park Road.

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