Task Fulfilment Limited

Task Fulfilment Limited, based in Colchester, UK, is a small, active company established 24 years ago. With 17 employees and £346,131 in assets, it’s a long-standing operation founded by a solo entrepreneur, now managed by two directors. The company operates from a virtual address, a detail worth noting as 116 companies are registered at the same location. While it’s an irregular importer of electrical machinery and equipment (just one month of imports recorded in 2021), it’s a regular exporter of machinery, boilers, and mechanical appliances, with seven months of export activity as of June 2024. The company’s website is unavailable, so it’s difficult to determine if it’s an e-commerce business.

Task Fulfilment Limited operates within the packaging activities industries, a sector that’s seen fluctuating demand in recent years. The company's registered address is CO7 7FX, England, Colchester, 8 Blue Barns Business Park Old Ipswich Road, Ardleigh.

A look at the company’s financials reveals a mixed picture. While cash reserves declined by 20% to £160,000, trade debtors increased by 12% to £180,000. Creditors also rose by 32% to £64,000, suggesting a need to manage short-term liabilities. Net assets decreased by 12% to £230,000, and bank borrowings increased by a significant 2,400% to £29,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity raises questions about its long-term financial health. Future minimum lease payments increased by 34% to £64,000, which could put a strain on cash flow. The company’s accounts are unaudited, meaning they haven’t been independently verified.

Despite these challenges, Task Fulfilment Limited’s consistent export activity suggests a stable revenue stream. The company’s focus on packaging activities and its long-standing presence in the market could provide a buffer against economic fluctuations. The company's production software is VT Final Accounts, version April 2024.

Registered in England/Wales under the registration number 04144849, with a registered address at CO7 7FX, England, Colchester, 8 Blue Barns Business Park Old Ipswich Road, Ardleigh.

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