Tangerine Holdings Limited

Tangerine Holdings Limited, based in Lytham St. Annes, UK, is a sizable company with a 30-year history, currently employing 43 people and holding assets valued at £19,779,604. As a holding company with an active status, it operates as a regular importer, specializing in clothing and accessories made by knitting or crocheting, with recent import activity recorded five months ago. The company, registered at a real address and overseen by three directors and two owners, also owns several subsidiaries including Vet Plus UK Limited and Petsense Limited.

The company's website, while not providing detailed e-commerce information, reveals a focus on providing head office services to its various subsidiaries, which are involved in the animal health products sector. These subsidiaries operate across multiple countries, including the UK, Argentina, and Asia, and offer a range of services from product testing to disaster recovery for damaged veterinary equipment.

Financially, Tangerine Holdings Limited presents a mixed picture. While turnover increased by 1300%, net assets decreased by 73%, and cash reserves fell by 87%. Bank borrowings, however, decreased by 2.5%. Creditors decreased by 73%, suggesting improved debt management, while trade debtors ballooned by 890%. The company’s size (meeting two of three criteria for a large company) and the decrease in bank borrowings are positive signs. The lack of an auditor is not unusual for a company of this size.

The company's financial data suggests it’s burning through cash, but the increase in turnover indicates strong sales. It’s likely that the company is investing heavily in its subsidiaries, which could explain the decrease in cash reserves. The decrease in creditors is a positive sign, suggesting better management of short-term liabilities.

Registered in England/Wales under the registration number 02976538, with a registered address at FY8 5LT, England, Lytham St. Annes, Animal House, Boundary Road.

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