Itec Connect Ltd
02219814
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 13 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2024
audit exemption subsidiary
Next accounts due
30/09/2026
Confirmation statement
Last: 20/09/2025
Due 04/10/2026
Industry
Officers
director · Since 19/03/2020
PRESIDENT, UK & IRELAND, EURASIA, INDIA,
BRITISH · ENGLAND · Age 62
Also on 31 other boards
director · Since 07/10/2022
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 28 other boards
Persons with Significant Control
Arena Group Holdings Limited
Building 4, Uxbridge Business Park, Uxbridge, UB8 1DH
Reg: 03735943 · Cardiff, England And Wales · Private Limited Company
Notified 30/04/2021
Former PSCs
Itec Group Ltd
Ceased 01/03/2017
Investment Itec Connect Ltd
Ceased 19/03/2020
Xerox (Uk) Limited
Ceased 30/04/2021
Charges13 outstanding
XRX BRANDCO LLC
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
JEFFERIES FINANCE LLC
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
CITIBANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT
CITIBANK, N.A. AS SECURITY AGENT
JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT
JEFFERIES FINANCE LLC, AS SECURITY AGENT
CITIBANK, N.A. AS SECURITY AGENT
CITIBANK, N.A. AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT
NATIONAL WESTMINSTER BANK PLC
KYOCERA DOCUMENT SOLUTIONS (U.K.) LIMITED
IAN DAVID STEWART · PHILIP JAMES FORD
NATIONAL WESTMINSTER BANK PLC
RBS INVOICE FINANCE LTD
ITEC GROUP LIMITED
ITEC GROUP LIMITED (COMPANY NO. 06538527)
NATIONAL WESTMINSTER BANK PLC
ITEC GROUP LIMITED
ITEC GROUP LIMITED
RBS INVOICE FINANCE LIMITED
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 9191+ SIC 62090 peers56
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group's or the parent company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue . Other information The directors are responsible for the other in
Key FinancialsYear ending 29/02/2020
Net Worth
£6.3M
Balance sheet strength
Cash
£922k
Cash in the bank
Profit Before Tax
£77k
Bottom line earnings
Net Current Assets
-£7.4M
Working capital
Current Assets
£13.0M
Current Liabilities
£20.4M
Fixed Assets
£12.1M
Debtors
£6.7M
Gross Profit
£19.7M
Operating Profit
£375k
Profit After Tax
-£27k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2020 | 0.64 |
Derived from filed accounts. Not audited figures.