Techbuyer Limited

Techbuyer Limited, based in Harrogate, UK, is a sizable company with a strong presence in the IT sector. Established nineteen years ago, in 2005, it employs 197 people and boasts assets of £15.8 million. The company generates a substantial revenue of £46.6 million annually, positioning it as a key player in its field. With eight directors and two owners, and a perfect 5.0 Google rating based on 63 reviews, Techbuyer operates as a holding company and is actively trading. The registered address is real, with only three companies registered at the same location.

The company’s website clearly indicates a focus on refurbished servers and data centre equipment. It operates through multiple international offices – UK, Germany, France, USA, and Australia – each with dedicated sales teams and websites. The site is well-designed, and it's easy to navigate, with a clear emphasis on providing solutions for businesses needing reliable IT infrastructure. It's not an e-commerce site in the traditional sense, but rather a platform for generating leads and connecting customers with sales representatives.

Financially, Techbuyer Limited presents a mixed picture. While turnover remained steady at £47 million, net assets decreased by 0.74% to £11 million. Bank borrowings increased significantly, rising by 400% to £400,000, while cash reserves also grew by 94% to £860,000. Creditors decreased by 20%, suggesting improved debt management. The company's assets are substantial, meeting two of the three criteria to be considered a large company. The unaudited financial statements were prepared by Armstrong Watson Audit Limited. The decrease in net assets, despite increased cash reserves, could indicate increased investment in the business, or perhaps a temporary dip in profitability. The company's reliance on bank borrowings, while not alarming, warrants monitoring. It’s clear that Techbuyer is a well-established business, but it’s important to watch for any shifts in its financial performance.

Registered in England/Wales under the registration number 05437347, with a registered address at HG2 8PB, England, Harrogate, Unit C1 Crimple Court, Hornbeam Square North.

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