Technica Limited

Technica Limited, based in Grimsby, UK, is a sizable holding company with an active status, having been incorporated eighteen years ago in March 08, 2007. The company employs 57 people and holds assets totaling £3,975,287, generating a yearly revenue of £9,200,257. With three directors and one owner, Technica Limited maintains a perfect 5.0 Google rating from six reviews and operates from a real address at Cherry Tree Business Park. The company is a regular importer, specializing in electrical machinery and equipment, with 7 months of import activity recorded, the last operation in July 01, 2022.

Technica Limited describes itself as operating in engineering design activities for industrial process and production industries. Its website showcases a broad range of services, including EPC project services, multidiscipline design, site construction, control panel building, software engineering, fiscal metering, functional safety, and measurement services. The company also emphasizes its work with UK gas networks, acting as a framework contractor and delivering project management, engineering design, material procurement, installation, and commissioning services. Recent news highlights Technica’s expanding technical relationship with SGN and its involvement in CCUS developments.

Financially, Technica Limited presents a mixed picture. While turnover remains substantial at £9.2 million, current assets have decreased by 8.8% to £4 million. Net assets, however, have significantly declined by 63% to £1.4 million. Bank borrowings have surged by 350% to £110,000, while cash reserves have plummeted 80% to £140,000. Creditors have also decreased by 15%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million and a balance sheet total over £18 million, but employee numbers remain relatively stable. The lack of an auditor mentioned suggests the company is exempt from mandatory auditing.

These financial trends could be attributed to several factors, such as increased competition in the engineering services sector, rising material costs, or strategic investments in new technologies or personnel. The company’s focus on long-term relationships and delivering excellence in solutions, as stated on its website, suggests a commitment to sustainable growth, despite the current financial challenges.

Registered in England/Wales under the registration number 06146312, with a registered address at DN31 2TX, United Kingdom, Grimsby, N E Lincolnshire, Cherry Tree Business Park, Estate Road No.5.

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