Tcnc Machine Services Limited

Tcnc Machine Services Limited is a small, active family business based in Teignmouth, UK, founded eight years ago in 2016. With four employees and £152,313 in assets, it operates from a virtual address shared by many other companies, raising some questions. The company is run by three directors and three owners, and it's a regular, though irregular, importer of electrical machinery and equipment, with its last import operation occurring in August 2024.

The company’s website reveals a focus on CNC machine maintenance, decommissioning, servicing, and parts. It offers a range of services, including machine installation, relocation, and preventative maintenance packages, catering to the repair of machinery industries. It also acts as a UK agent for Silver CNC, distributing their high-quality CNC parts and accessories. The site emphasizes experienced technicians, genuine replacement parts, and a commitment to customer satisfaction.

Financially, Tcnc Machine Services Limited presents a mixed picture. While cash bank on hand increased slightly to £75,000, current assets remained relatively flat at £150,000. However, net assets decreased by 15% to £47,000, and net current assets declined by 19% to £43,000. Interestingly, property plant equipment grew dramatically by 1200%, but this was offset by a significant increase in finance lease liabilities. Trade debtors decreased by 4.6%, which could indicate improved payment collection, but other creditors rose by 18%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

The growth in property plant equipment suggests potential investment in machinery, but the decrease in net assets warrants further investigation. It’s likely that the company is navigating typical challenges for a small business, balancing investment with maintaining a healthy cash flow.

Registered in England/Wales under the registration number 10474988, with a registered address at TQ14 8AR, United Kingdom, Teignmouth, Devon, 5 Den Road.

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