Talk Technology Limited

Talk Technology Ltd, from Camberley, UK, is a small, family-run business with an active status, established ten years ago. Employing six people and holding £425,269 in assets, it operates from a virtual address, managed by three directors and two owners. The company regularly imports and exports miscellaneous manufactured goods – 5 months of imports and 17 months of exports, respectively.

The company’s website showcases a diverse range of services and products, positioning itself as a provider of “world-class, cost-effective solutions” for businesses in Africa, the Middle East, and other regions. It operates through several divisions: Talk DNA Solutions (software services), Talk Ports (container port solutions), Talk Security (physical security solutions), Talk Technology (distribution and point-of-sale), and Talk Services (professional services). The company’s website suggests a focus on B2B sales and distribution rather than direct-to-consumer e-commerce.

Financially, Talk Technology Ltd presents a mixed picture. While the company meets the criteria to be considered a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees, some key figures are concerning. Cash reserves have plummeted 77% to £3,700, while bank borrowings have increased dramatically by 180%, reaching £140,000. Debtors have also decreased by 1.6% to £340,000. On a positive note, creditors have fallen by 44%, suggesting improved debt management. Equity has also seen a significant drop of 43%, falling to £76,000. With no auditor mentioned, the figures are unaudited.

The company’s reliance on bank borrowings and the decline in cash reserves indicate a potential need to manage expenses carefully. The decrease in equity, while concerning, could be due to various factors, such as investments in growth or changes in accounting practices. It’s clear that while Talk Technology Ltd has a solid foundation, it needs to maintain a close eye on its financial health to ensure long-term sustainability.

Registered in England/Wales under the registration number 09236080, with a registered address at GU15 3YY, England, Camberley, Surrey, 1 Minster Court, Tuscam Way.

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