Teako (uk) Ltd

Teako (UK) Ltd, a small, active company based in Birmingham, UK, has been operating for fourteen years. Founded in 2011, it currently employs four people and holds £240,000 in assets. While confirmation of its status is overdue by three months, it maintains a real registered address and is led by one director and owner, a solo founder. The company operates an e-commerce site and enjoys a stellar 5.0 Google rating from 45 reviews. It’s a regular importer, specializing in optical and medical tools and devices, with three months of import activity recorded, the last in April 2023.

The company’s website showcases a retail operation focused on mail order and internet sales. It’s described as a home furniture shop, and the company is registered as operating in the retail sale via mail order houses or via internet industries. The company’s website reveals a connection to a larger entity, 1066 Sales Ltd, which operates both a retail business and a high-end piano restoration service. It’s unclear how closely the two businesses are linked, but both emphasize family ownership and British craftsmanship.

Financially, Teako (UK) Ltd presents a mixed picture. Current assets have increased by 16% to £240,000, but net assets have dramatically decreased by 2,100% to -£74,000. Bank borrowings have fallen by 14% to £35,000, while the bank overdraft has increased by 410% to £30,000. Creditors have increased by 68% to £290,000, and cash reserves have fallen by 62% to £4,700. Trade debtors have increased by 50% to £150,000. 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 significant equity drop raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Teako (UK) Ltd is facing financial pressures despite a positive online presence. The company’s reliance on a single owner and director, coupled with the substantial losses, suggests a need for careful management and possibly, additional investment.

Registered in England/Wales under the registration number 07527083, with a registered address at B1 3ES, Birmingham, West Midlands, Sapphire Heights Courtyard, 31 Tenby Street North.

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