Tapeswitch Ltd.

Tapeswitch Ltd, based in Chorley, UK, is a small, active company founded 35 years ago. With 21 employees and £1,798,152 in assets, it’s a well-established player in its field. The company, managed by three directors and owned by Keighley Karen Louise, maintains a real address and boasts a respectable 4.0 Google rating from seven reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 105 months of import activity and 99 months of export activity recorded.

The company’s website highlights its expertise in switches and sensor products for safety, detection, and control applications. It offers a range of products, including ribbon switches, safety mats, and custom bumpers, catering to diverse markets like commercial vehicles, airport aviation, and manufacturing. Tapeswitch also provides bespoke design and manufacture services, offering custom options and direct factory fulfillment. The website’s detailed market sector breakdown and technical information suggest a focus on providing specialized solutions rather than mass-market retail.

Financially, Tapeswitch Ltd shows some interesting trends. Cash reserves increased significantly by 190%, reaching £790,000, which is a positive sign of improved liquidity. However, creditors have risen substantially by 150%, reaching £420,000, which could indicate increased reliance on short-term financing. Trade debtors have also increased by 56%, suggesting potentially slower customer payments. Despite these pressures, net assets have grown by 27%, reaching £2,000,000, reflecting the company’s ability to generate value. Depreciation on plant machinery decreased by 32%, which might be due to a change in accounting practices or reduced investment. 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 agile, but the increased debt levels warrant close monitoring. The accounts are unaudited, so the figures rely on internal reporting. Overall, Tapeswitch Ltd appears to be a stable company, but it's important to watch its debt levels and ensure it can continue to generate strong cash flow.

Registered in England/Wales under the registration number 02481808, with a registered address at PR6 7BX, Chorley, Lancashire, Unit 38 Chorley North Industrial Park, Drumhead Road.

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