Zavi Tech Ltd

Zavi Tech Ltd, based in Glasgow, UK, is a small, active company founded nine years ago. With just two employees and £517,569 in assets, it operates from a virtual address shared by thousands of other businesses, a bit of a red flag. The company is led by two directors and a solo founder, Dastageer Ghulam, and maintains a stellar 5.0 Google rating from nine reviews. It’s a regular importer of electrical machinery and equipment, with six months of import activity recorded, the last in March 2023.

The company's website is minimal, offering little insight into its operations beyond its name and contact information. It appears to be primarily focused on retail sales and telecommunications activities, with no clear indication of an e-commerce presence. This suggests a more traditional business model, potentially involving physical retail locations or direct sales.

Financially, Zavi Tech Ltd presents a mixed picture. While current assets increased by 49% to £520,000, net assets liabilities also grew by 11% to £140,000. Bank borrowings decreased by 39% to £48,000, a positive sign, but bank overdrafts surged by a staggering 290% to £82,000—a potential cause for concern. Creditors also increased by 29% to £83,000, and cash reserves grew by 210% to £24,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in overdrafts warrants closer scrutiny. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Zavi Tech Ltd seems to be navigating a period of growth, but with some financial pressures. The increase in overdrafts, while potentially linked to increased sales, could indicate a need for better cash flow management. The company’s solo founder and small team suggest a lean operation, but also a reliance on a few key individuals.

Registered in Scotland under the registration number SC528672, with a registered address at G2 4JR, Scotland, Glasgow, 272 Bath Street.

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