Techtest Limited

Techtest Limited, based in Leominster, UK, is a sizable company with a 47-year history, currently employing 196 people and holding assets valued at £17,303,669. As a holding company with an active status, it’s a key player in the aerospace sector, regularly importing and exporting electrical machinery and equipment—a combined total of 602 months of activity. The company is overseen by four directors and has one owner, and boasts a respectable Google rating of 4.0 based on 16 reviews.

The company’s activities are primarily showcased through its parent group, HR Smith Group of Companies, which operates a diverse range of businesses, including the manufacture of test, search and rescue equipment, and even high-end piano restoration. The website highlights expertise in antennas, beacons, and survival ELTs, catering to military, civil aviation, and search and rescue industries. It also provides a range of services, including wireless direction finding and even disaster recovery for damaged pianos.

Financially, Techtest Limited’s recent performance presents a mixed picture. While turnover remained relatively stable, net assets have significantly declined by 55%, falling to £15 million. Cash reserves have also decreased considerably, dropping 39% to £17 million. Bank borrowings have surged by 880%, reaching £2 million, and trade debtors have increased by 120%, suggesting potential issues with customer payments. Creditors have also increased by 18%. Despite these challenges, the company’s strong asset base and established presence in the aerospace sector provide a foundation for future growth. The company’s accounts are unaudited, and no auditor is mentioned.

The surge in administrative expenses by 170% is also notable, potentially reflecting increased investment in operations or rising overhead costs. The company’s director remuneration has also increased significantly, by 420%, which may be linked to the company's ongoing investment in its operations.

Registered in England/Wales under the registration number 01363570, with a registered address at HR6 9QA, Leominster, Herefordshire, Street Court, Kingsland.

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