T-mex Limited

T Mex Ltd from Maidstone UK: small company, active status, founded 26 years ago, 5 employees, £1,016,124 assets, virtual address, 2 directors, 2 owners. Regular importer of machinery, boilers, and mechanical appliances; parts (25 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (4 months exported). It’s a small, active company that’s been around for a while, employing just five people and holding a decent chunk of assets. The virtual address, however, is something to keep an eye on, as it suggests a shared office space or a registered agent.

The company’s core business revolves around importing and exporting machinery, boilers, and mechanical appliances—a fairly specialized area. They’ve been importing for a solid 25 months, with the latest shipment arriving in October 2024, and exporting for four months, the last shipment going out in December 2023. Their website, Tmex Engineering, showcases a wide range of products, from air preparation equipment to safety gear, indicating a focus on industrial and engineering supplies. The site even has a section for high-end piano restoration, which is a bit of a surprise and could indicate a diversification strategy or a separate venture.

Financially, T Mex Ltd presents a mixed picture. Current assets have dropped by 9.9% to £1,000,000, while net assets have only increased slightly, by 0.75% to £500,000. Bank borrowings have decreased significantly, by 14%, to £48,000, which is a positive sign. However, cash reserves have plummeted 90%, leaving only £420 left. Creditors have also decreased by 15%, which could indicate improved debt management. 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 sharp drop in cash raises concerns. There’s no auditor mentioned, likely due to the small company exemption.

The decrease in cash reserves, combined with the virtual address, suggests T Mex Ltd might be burning through money faster than it’s bringing it in. Perhaps the piano restoration side of the business is not generating enough revenue to offset the costs, or maybe they’re investing heavily in new inventory. It’s hard to say for sure without more information, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 03695435, with a registered address at ME14 5BJ, England, Maidstone, Kent, Berry & Co Sterling House, 7 Ashford Road.

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