Techbar Inc Limited

Techbar Inc Limited, based in Southgate, UK, is a small, active company founded five years ago. With two employees and £46,520 in assets, it operates from a virtual address shared by fifteen other companies. The company is run by two directors and two owners, and has been importing electrical machinery and equipment for a single month. It’s a retail business, operating through mail order and internet sales, and also has a presence in Selfridges Oxford Street, London, selling technology products.

The company’s website highlights its focus on providing brands with a quality sales channel and custom display solutions. It works with over sixty brands, offering dedicated sales team management and training. It also sponsors a local youth football club and supports a charity focused on community projects. The Selfridges location is described as the busiest technology store in London, catering to a high-end customer base.

Financially, Techbar Inc Limited presents a mixed picture. While cash bank on hand decreased by 11% to £30,000, creditors decreased by 9.7% to £31,000. The company’s equity, however, increased by 35% to £18,000, and net current assets and liabilities rose by 20% to £16,000. Property, plant, and equipment saw a dramatic increase of 760%, reaching £2,200, though this is offset by a significant increase in depreciation. The company is classified as small, meeting two of the three criteria for size, and the accounts are abridged and unaudited, likely due to its small size.

The company’s financial trends suggest it's navigating a period of change. While debt management seems to be improving, the increase in property, plant, and equipment, coupled with depreciation, could indicate investment in its retail space. It's likely that the company is trying to expand its operations and reach a wider audience, but the financial data reveals a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 12303161, with a registered address at N14 6NZ, United Kingdom, Southgate, London, Solar House, 282 Chase Road.

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