Future Technical Solutions Ltd

Future Technical Solutions Ltd, based in Torquay, UK, is a small, family-run business with an active status. Founded 17 years ago in 2008, the company employs six people and holds a real registered address. With three directors and two owners, it boasts a perfect 5.0 Google rating from 11 reviews. The firm regularly imports furniture, lighting, and prefabricated buildings, with 6 months of import activity recorded, the latest in November 2024.

The company’s website, Sound Light Torbay, positions itself as a provider of audio visual equipment hire and system integration services in the South West. It caters to bars, clubs, events, and commercial clients, offering a range of services from lighting and sound to video production and smart home automation. The site emphasizes its expertise in programming and networking, and even offers CCTV security solutions. It's clear they're aiming to be a one-stop shop for entertainment technology.

Financially, Future Technical Solutions Ltd shows a mixed bag. Accumulated depreciation increased by 59%, indicating investment in property, plant, and equipment, but cash bank on hand plummeted 89% to just £1,200. Bank borrowings increased by nearly 5%, reaching £13,000, and creditors rose by 12% to £170,000. On the positive side, trade debtors increased by a staggering 130%, suggesting increased sales or extended payment terms for customers. 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 flexibility, but the decline in cash reserves and rise in debt raise concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Future Technical Solutions Ltd seems to be growing its business—sales are up—but it's burning through cash. Whether this is a temporary phase as it invests in expansion, or a sign of longer-term financial strain, remains to be seen.

Registered in England/Wales under the registration number 06564782, with a registered address at TQ2 7FF, Torquay, Sigma House Oak View Close, Edginswell Park.

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