Tech2serv Ltd

Tech2serv Ltd from Bournemouth UK: a small, active company founded seven years ago, is currently facing some financial challenges. Despite being a solo founder operation with one director, the company has accounts overdue for three years and confirmation statements overdue for two years. It holds assets worth £121,594 and operates from a real address, employing just one person. The company regularly imports electrical machinery and equipment (3 months) and exports it irregularly (2 months).

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if they operate an e-commerce site or rely solely on business-to-business transactions.

Financially, Tech2serv Ltd shows a mixed picture. Accumulated depreciation on furniture, fittings, and motor vehicles has increased, suggesting ongoing investment in equipment. However, advances to directors have also increased significantly, while bank borrowings have decreased. Net assets have plummeted, indicating a substantial loss of equity. While trade debtors have increased, suggesting potential delays in customer payments, creditors have decreased, which could reflect improved debt management. The company’s small size (meeting two of three conditions for being classified as small) allows for flexibility, but the decline in equity raises concerns. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Tech2serv Ltd appears to be navigating a period of financial strain, with challenges in profitability and equity. Whether the company can overcome these challenges and return to a more stable footing remains to be seen.

Registered in England/Wales under the registration number 10800108, with a registered address at BH8 0BD, England, Bournemouth, 52 Seagrim Road, Throop.

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