Techemet Limited

Techemet Ltd from Tamworth UK: holding company, active status, founded 21 years ago, 53 employees, £35,230,394 assets, real address, 4 directors, no owners, google rating 5.0 based on 12 reviews. Regular importer of jewelry, precious stones, and metals (86 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (43 months exported).

Techemet Limited operates as a global recycling and metal trading company, specializing in the recovery and management of platinum, palladium, rhodium, gold, and silver. Headquartered in Pasadena, Texas, with branch offices spanning Mexico, Italy, UK, Ireland, Spain, Canada, and Brazil, the company boasts a significant international presence. Its UK branch, Techemet Limited, is based in Tamworth, Staffordshire, and serves as a key hub for its European operations. The company’s website highlights its expertise in smelting and refining automobile and petrochemical catalysts, alongside trading and hedging services. It also offers a free app to access live base PGM prices, catering to the needs of metal traders.

The company's core business revolves around the recovery of precious metals from scrap automobile catalysts, a process it describes as “recycling of sorted materials.” While it has a global reach, the UK branch plays a vital role in its European activities. The company also owns Platinum Self Storage Limited.

Financially, Techemet Limited’s recent performance presents a mixed picture. Current assets have declined by 12% to £35 million, while net assets have increased by 34% to £19 million. Cash reserves have significantly dropped by 62% to £2.6 million, and bank borrowings have also decreased. Creditors have fallen by 15%, suggesting improved debt management. The company's net loss has also decreased to £75,000. The company’s turnover is not mentioned, but the large asset base and international operations suggest a substantial scale. The lack of an auditor mentioned is likely due to the company’s size and exemption from mandatory audits.

The company’s focus on the recovery of precious metals from scrap materials, combined with its global network and trading services, positions it as a key player in the recycling industry. However, the significant drop in cash reserves warrants close monitoring, and the company will need to maintain its focus on efficient operations and strong customer relationships to sustain its growth.

Registered in England/Wales under the registration number 05000780, with a registered address at B77 5DY, Tamworth, Staffordshire, 1 Vanguard, Ninian Way.

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