Techsync Ltd

Techsync Ltd from Biggleswade UK: a small, active company founded four years ago, holds £145,542 in assets, and operates from a virtual address. It’s managed by two directors and owned by Sayers Christopher John. The business is an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of August 2022.

The company’s website reveals it operates within the wholesale of electronic and telecommunications equipment and parts industries. It’s a relatively small operation, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 25 employees. The company’s address, while registered, is likely virtual, as seventy two other companies share the same location.

Financially, Techsync Ltd presents a mixed picture. Cash bank on hand increased significantly by 90% to £89,000, a positive sign. However, trade debtors have vanished completely, dropping 100% to zero—a potentially concerning trend. Creditors decreased by 17%, suggesting improved debt management, but other inventories fell by 34%, from £86,000 to £57,000. Net assets increased by 24%, reaching £66,000, and net current assets increased by 28% to £63,000. The company's financial statements are unaudited, and no auditor is mentioned, which is common for small companies.

The sudden disappearance of trade debtors is a detail worth noting. It could be a temporary blip, perhaps due to a large payment received, or it could indicate a shift in payment terms or difficulties collecting outstanding invoices. The increase in cash is encouraging, but the company will need to keep a close eye on its working capital to ensure it can meet its obligations.

Registered in England/Wales under the registration number 12785282, with a registered address at SG18 9RB, England, Biggleswade, Harrison House Sheep Walk, Langford Road.

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