Talking Headsets Limited

Talking Headsets Ltd from Chichester UK: a small, active company founded 25 years ago, employs 11 people, and holds £1,182,559 in assets. It operates from a virtual address, managed by three directors and three owners – a family business started by a solo founder. The company regularly imports and exports electrical machinery and equipment, with 360 months of import activity and 120 months of export activity recorded.

The company’s core business involves wholesale of other machinery and equipment. While the company’s website is not available, it’s likely they operate primarily through business-to-business channels, supplying electrical equipment to other companies.

Financially, Talking Headsets Ltd shows some concerning trends. Current assets have decreased by 13%, dropping to £1,200,000. Net assets have also fallen, decreasing by 12% to £660,000. Bank borrowings have seen a significant increase, rising by 2.2% to £63,000. Creditors have also increased, rising by 5.4% to £530,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in equity is a cause for concern. The company is exempt from an audit, so the financial statements are unaudited.

The increase in bank borrowings and creditors, coupled with the decrease in cash reserves, suggests the company may be facing cash flow challenges. It’s possible that the company is investing in new equipment or expanding its operations, but the financial data indicates a need for careful management. The company’s long history and family ownership could provide stability, but the current trends warrant close monitoring.

Registered in England/Wales under the registration number 03957085, with a registered address at PO19 1UZ, Chichester, West Sussex, Cawley Place, 15 Cawley Road.

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