Teckno Developments Limited

Teckno Developments Ltd from Beverley UK is a small holding company with an active status, established 27 years ago. The company employs 50 people and holds assets valued at £1,785,005. It has a real address, is overseen by three directors and one owner, and currently holds a 2.0 Google rating based on three reviews. The company regularly imports paper and paperboard products, with 14 months of import activity recorded.

The company operates in the manufacture of other articles of paper and paperboard n.e.c. industries. 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 has a real address, with only two companies registered at the same address.

Financially, Teckno Developments Ltd shows a mixed picture. Current assets decreased by 5.4% to £1,800,000, while net assets declined by 15% to £1,300,000. Bank borrowings fell by 29% to £22,000, and cash reserves dropped 58% to £15,000. Creditors increased by 27% to £810,000, and trade debtors rose by 13% to £340,000. The company’s small size helps it remain agile, but the equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data reveals a concerning trend. Accumulated depreciation impairment property plant equipment increased by 10%, and the amount specific advance or credit repaid in period directors was zero. It’s likely that the company is facing challenges in managing its expenses and maintaining its profitability. The decrease in cash reserves and the increase in creditors suggest that the company may be struggling to meet its short-term obligations.

Registered in England/Wales under the registration number 03442807, with a registered address at HU17 0ST, Beverley, East Yorkshire, Waterside Road.

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