Techbwoi Ltd

Techbwoi Ltd is a small, active company based in London, UK, founded two years ago in 2022. With just one employee and £81,247 in assets, it's a solo-founder operation run by a single director and owner, Mulla Aadam. The company operates in the retail sale via mail order houses or via internet industries, and is an irregular importer, primarily dealing in essential oils and perfumes—just one month of import activity was recorded as of August 2023. It has a registered address, but it’s likely virtual, as 47,483 other companies share the same location.

The company’s website, truebyte.co.uk, reveals a different business entirely: IT services and software development. Truebyte provides IT support, strategic consultation, and software development for businesses, with a focus on sectors like architecture and business. It boasts a team of experts, a LinkedIn community of 2.5K IT professionals, and locations in London, Bath, and Eastbourne. The site highlights case studies of clients like Clinical Guardian, FCBStudios, and Newhaven Port, showcasing its responsiveness and technical competence.

Financially, Techbwoi Ltd presents a mixed picture. Turnover dropped by 17% to £430,000, and net assets plummeted 58% to £49,000. Bank borrowings surged by 2,400%, reaching £6,700, and cash reserves fell 30% to £12,000. Creditors decreased by 18%, suggesting better debt management. 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 sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

While the IT services side appears to be thriving, the financials reveal strain. Whether this is typical startup turbulence or a longer-term challenge remains to be seen—but for now, Techbwoi Ltd is betting on its IT expertise and customer satisfaction to turn the tide.

Registered in England/Wales under the registration number 14323138, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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