Taytech Technologies Ltd

Taytech Technologies Ltd, based in London, UK, is a small, family-run business with an active status. Founded four years ago in 2021, it employs just two people and holds £19,283 in assets. Operating from a virtual address shared by 751 other companies, the company is led by two directors and two owners. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with the last import activity recorded two months ago in December 2023. The company’s website highlights a focus on bringing high-tech solutions to the construction market, offering pumps, control panels, magnetic filters, and data management systems.

The website showcases a range of products and services, including heat interface units, pumps, control panels, and a “NoCode Platform” for energy management. It also offers consultancy services and positions itself as a supplier of hardware and software data management solutions. The site’s design is clean and modern, emphasizing a “High Tech for Everyone” ethos, and includes a shopping cart feature suggesting a direct-to-customer e-commerce model. There's also a contact form and a link to a UK phone number.

Financially, Taytech Technologies Ltd shows a mixed picture. Cash bank on hand has plummeted by a staggering 82%, dropping to £13,000. Net assets have also declined significantly, falling 63% to just £270. Trade debtors have improved dramatically, rising 110% to £6,200, which could indicate improved collection efforts. However, other creditors have increased by 38%, reaching £15,000, and taxation social security payable has decreased by 58% to £3,300. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity is a concern. The accounts are unaudited and classified as “Filleted Accounts,” meaning they are exempt from a full audit.

Overall, Taytech Technologies Ltd appears to be navigating a period of financial pressure. While its e-commerce presence and product range suggest potential, the declining cash reserves and net assets warrant close monitoring.

Registered in England/Wales under the registration number 13142429, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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