Tech Camel Ltd

Tech Camel Ltd is a small, active company based in Leicester, UK, founded five years ago in 2019. It employs nine people and holds £392,418 in assets, operating from a virtual address shared by ninety other companies. The business is run by a single director and owner, Bhatti Hassan, and focuses on IT hardware solutions. Its website highlights services like IT hardware buyback, secure data erasure, and comprehensive logistics, catering to businesses across the UK. The company regularly imports machinery and parts, with 103 months of import activity recorded, and exports electrical machinery and equipment, with 72 months of export activity.

The company’s website, TechCamel, positions itself as a one-stop shop for IT equipment needs, offering procurement, logistics, and disposal services. It emphasizes fast delivery, competitive pricing, and a commitment to sustainability, with a network of over 250 trusted suppliers. The site also features a blog with insights and advice on IT hardware solutions, reinforcing its expertise in the field.

Financially, Tech Camel Ltd presents a mixed picture. Current assets have decreased significantly, dropping 48% to £390,000, while net assets have plummeted 260% to -£98,000. Bank borrowings are down 27%, and cash reserves have fallen 150% to £37,000. Trade debtors have dropped a staggering 72%, suggesting better collection practices, but retained earnings have turned into accumulated losses. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is consistent with its small size, and the figures are unaudited.

While the company’s website projects a professional image and a focus on customer service, the financials reveal a concerning trend of declining equity. The sharp decrease in net assets and the negative retained earnings raise questions about the company’s long-term viability. It's possible that the company is investing heavily in growth, but the figures suggest it's burning through cash faster than it’s generating revenue. The decrease in debtors is a positive sign, but the overall financial picture warrants close monitoring.

Registered in England/Wales under the registration number 12030112, with a registered address at LE9 9JJ, England, Leicester, Leicestershire, Office 9 The Coach House, Desford Hall.

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