Talasey Ltd

Talasey Ltd, a medium-sized company based in Scunthorpe, UK, has been operating for 20 years. Employing 91 people, the company boasts assets of £22.9 million and generates revenue of £40.5 million annually. It's an active business with a real address and is led by three directors and a single owner, who is also the solo founder. The company regularly imports and exports plastics and plastic products, with 102 months of import activity and 5 months of export activity recorded.

The company operates in the non-specialised wholesale trade industries. Its website, while not directly accessible, suggests a focus on building and landscaping materials, with a particular emphasis on paving stones and related products. They appear to be a B2B supplier, targeting contractors and builders rather than directly selling to consumers.

Financially, Talasey Ltd’s recent performance presents a mixed picture. While revenue remained relatively stable, current assets declined by 19% to £23 million. Bank borrowings decreased significantly by 39%, and cash reserves also dropped by 30% to £1 million. Creditors decreased by 39%, suggesting improved debt management. The company’s size—meeting two of three criteria for a medium-sized company—allows for some flexibility, but the decrease in assets warrants attention. The company’s auditor, Streets Audit LLP, has noted a significant write-down of stock, indicating potential issues with inventory management.

The decrease in cash reserves and increase in bank borrowings, despite stable revenue, could signal a period of tighter cash flow. The company’s reliance on imports and exports, while a core part of its business, also exposes it to fluctuating exchange rates and supply chain disruptions. It's likely that the company is navigating a challenging economic climate, but its established presence and diverse product range position it for continued success.

Registered in England/Wales under the registration number 05158665, with a registered address at DN15 8QT, England, Scunthorpe, St Vincent House, Normanby Road.

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