Technical Valve Services Limited

Technical Valve Services Ltd, based in Coalville, UK, is a small, holding company with an active status. Founded 23 years ago in 2002, it employs 15 people and holds £362,683 in assets. The company, with four directors and one owner, maintains a perfect 5.0 Google rating based on two reviews. It’s a somewhat irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – parts, with just one month of import activity recorded as of September 2020.

The company operates in the machining industries. It's a small business, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Its registered address is real, with only six companies registered at the same address. The company is owned by Ac Valves And Controls Ltd, which changed ownership seven months ago.

Financially, Technical Valve Services Ltd shows some concerning trends. Current assets have decreased by 20% to £360,000, while net assets have fallen by 28% to £47,000. Bank borrowings have increased by 170% to £60,000, and cash reserves have increased by 170% to £60,000. Creditors have decreased by 58%, suggesting better debt management. Trade debtors have increased by 140%, which could indicate a reliance on customer payments. The company’s small size exempts it from a formal audit, so the figures are unaudited.

The sharp decline in equity, coupled with the increase in trade debtors, raises questions about the company’s financial health. While the decrease in creditors is a positive sign, it’s unclear whether Technical Valve Services Ltd is burning through cash or simply navigating a challenging economic climate. The company’s reliance on a single owner and the lack of a formal audit add to the uncertainty.

Registered in England/Wales under the registration number 04390241, with a registered address at LE67 1PH, Coalville, Leicestershire, Unit 6 Interlink Way South, Bardon Hill.

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