Tech 22 Ltd

Tech 22 Ltd from Barking UK: small company, active status, founded 4 years ago, £11,352 assets, virtual address, 2 directors, 1 owner, solo founder, e-commerce site. It's a small, family-run business with a real registered address and two directors at the helm. Founded in 2020, the company operates an e-commerce site selling smartphones, accessories, and offering repair services. The website, Tech 22, boasts a wide range of products from Samsung and Apple, alongside a repair service and a blog offering safety tips. It’s a solo-founded operation run by Farooq Qaisar, who also serves as the director.

The website is very active, with a focus on selling smartphones, repairing them, and even selling used phones. It also offers accessories like chargers and cables, and has a blog with helpful articles about smartphone safety and maintenance. They have a great Google rating, and even offer a newsletter. It's a modern e-commerce business, with a focus on customer service and competitive pricing.

Financially, Tech 22 Ltd shows a mixed picture. Current assets increased significantly, jumping 770% to £11,000, while net assets also increased, growing 100% to £2,700. Cash reserves doubled to £1,500, and bank borrowings are at £29,000. Trade debtors remained steady at £9,900, and creditors are at £8,700. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the high level of bank borrowings is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Tech 22 Ltd seems to be growing, but it’s important to monitor its debt levels. It's a modern e-commerce business, with a focus on customer service and competitive pricing, and it's clear they're working hard to build a loyal customer base.

Registered in England/Wales under the registration number 12794456, with a registered address at IG11 8BB, England, Barking, Jhumat House, 160 London Road.

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