Tec-ties Limited

Tec-Ties Limited, based in Cheshire, UK, is a small, family-run business with an active status. Founded 22 years ago in 2002, the company employs 14 people and holds £3,412,490 in assets. It has a real registered address and is managed by four directors and three owners. Tec-Ties regularly imports iron and steel (31 months of activity, latest in September 2024) and exports iron or steel products (3 months, latest in July 2024).

The company operates in the cold forming or folding industries. Its website, Online Insulation Supplies, reveals a significant side hustle: supplying insulation and drylining materials. Founded in 2015, this online shop aims to be the cheapest supplier, leveraging over 20 years of industry experience. The site offers a wide range of products from leading brands like Celotex, Kingspan, and British Gypsum, catering to both commercial and residential projects. It’s clear that Tec-Ties has diversified its operations beyond its core steel import/export business.

Financially, Tec-Ties shows a mixed picture. Current assets increased by 18% to £3,400,000, while net assets grew by 32% to £3,600,000. However, trade debtors decreased by 36%, which could indicate issues with customer payments. Bank borrowings increased, and cash reserves fell 11%, suggesting the company is utilizing its cash flow. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, so the figures are unaudited.

Overall, Tec-Ties Limited appears to be financially stable, benefiting from its diversified business model and a growing online presence. The decrease in debtors is something to keep an eye on, but the company’s assets and net assets are both trending upwards.

Registered in England/Wales under the registration number 04539648, with a registered address at SK11 6AY, Cheshire, 1 Church Mews, Churchill Way, Macclesfield.

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