Tc Industries Of Europe Limited

Tc Industries of Europe Ltd, based in Saltburn-by-the-Sea, UK, is a substantial company with a 40-year history. Employing 73 people, it boasts assets of £9.46 million and annual revenue of £12.75 million. The company operates as a holding company and is currently active, with four directors and one owner. It holds a respectable Google rating of 4.0 based on five reviews.

The business primarily focuses on manufacturing cutting edges and wear parts for construction and mining operations, as well as providing commercial heat treating services. It regularly imports iron and steel (for 11 months) and exports machinery, boilers, and mechanical appliances (for 126 months). The company also operates a division specializing in high-end piano restoration, with a showroom even located in Harrods, London.

Financially, the picture is mixed. While turnover remained relatively stable at £7.4 million, net assets decreased by 10% to £8.7 million. Cash bank on hand increased significantly by 160% to £3.4 million, which is a positive sign. However, administrative expenses rose by 34%, and staff costs decreased by 21%. Trade debtors fell by 56%, which could be a result of better collection efforts, or a reduction in sales on credit. Bank borrowings increased by 2400%, reaching £29,000, which is a significant jump. The company's auditor is Anderson Barrowcliff LLP.

The company’s financial results suggest a period of adjustment, perhaps reflecting broader economic pressures. The increase in cash reserves is encouraging, but the rise in administrative costs and the increased reliance on bank borrowings warrant closer monitoring. The dual focus on metal fabrication and piano restoration presents both opportunities and challenges, and it will be interesting to see how the company navigates these in the years to come.

Registered in England/Wales under the registration number 01822054, with a registered address at TS13 4EE, Saltburn-By-The-Sea, Cleveland, Skinningrove Works, Carlin How.

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