Technisys Ltd

Technisys Ltd from London UK: a small, active company founded five years ago, boasts £1,000 in assets, operates from a virtual address, and is led by a single director with no owners reported. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The company was incorporated on January 21, 2020, and its registration address is EC1V 2NX, United Kingdom, London, 128 City Road, which is probably virtual as 47592 companies registered at the same address. It operates in the retail sale via mail order houses or via internet industries.

The company’s website is non-existent, so it’s difficult to say exactly what they are doing. However, based on the provided information, it appears Technisys Ltd is focused on online retail. There's no indication of an e-commerce platform or specific product offerings, but the industry description points towards mail-order or internet sales.

Financially, Technisys Ltd presents a mixed picture. While current assets remain steady at £1,000, equity has declined significantly, now sitting at -£320. Bank borrowings are also up, reaching £1,000, and creditors have increased to £320. The company’s small size, meeting two of the three criteria for a small company, helps it remain flexible, but the negative equity suggests it’s burning through cash. There’s no auditor mentioned, which is common for small, exempt companies. The accounts are described as “filleted,” meaning they’ve been simplified to reduce administrative burden. It’s likely the director is doing all the work, and it’s a bit surprising that they haven’t increased their assets.

Registered in England/Wales under the registration number 12416389, 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.