Tectake Ltd

Tectake Ltd, based in London, UK, is a large, active company founded six years ago. Despite a strong Google rating of 5.0 based on 279 reviews and a thriving e-commerce site, the company is currently three months overdue on its accounts, a red flag for potential financial difficulties. With just one employee and a virtual address shared by eighteen other companies, Tectake operates as a solo founder venture, importing and exporting furniture, lighting, and prefabricated buildings.

The company's website showcases a wide range of home, garden, and leisure products, emphasizing deals and secure checkout. It’s clearly focused on online retail, with sections dedicated to spring deals, featured products, and influencer collaborations – a modern approach to e-commerce. The site also has a blog section with articles about home decor and gardening tips, aiming to build a community around the brand.

Financially, Tectake Ltd presents a mixed picture. While it boasts substantial assets of £13.6 million and a revenue of £7.8 million, several key metrics are concerning. Cash bank on hand has decreased by 43%, and net assets have fallen by 120%, a significant drop. Bank borrowings have surged by 2,400%, reaching £29,000, and cash reserves have fallen 30% to £28,000. Although creditors decreased by 18%, suggesting better debt management, the sharp decline in equity and the increased reliance on borrowing are worrying signs. The company's administrative expenses have also decreased significantly, by 51%, which could indicate cost-cutting measures. The lack of an auditor mentioned suggests the company is exempt, relying on unaudited statements.

Overall, Tectake Ltd appears to be facing financial pressures despite its strong online presence and high customer ratings. The company’s ability to navigate these challenges and maintain its growth trajectory remains to be seen.

Registered in England/Wales under the registration number 11604771, with a registered address at W1W 8HF, England, London, Mappin House, 4 Winsley Street.

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