Ev-tek Ltd

Tek Ev Ltd, based in Beccles, UK, is a small, active company founded four years ago. With five employees and £12,759 in assets, it’s a modest operation managed by three directors and owners. The company, with a real address, is an irregular exporter, primarily dealing in vehicles, parts, and accessories—with just one month of export activity recorded as of April 7, 2021.

The company operates in the retail sale via mail order houses or via internet, the other retail sale not in stores, stalls or markets, the other retail sale in non-specialised stores industries. Its website, TECElec Solar, focuses on solar panel installations, EV charger installations, and general electrical services in Sussex. The site highlights expertise in renewable energy solutions, battery storage, and EV charging—catering to both residential and commercial clients. The company even offers OZEV Grant Scheme assistance, showcasing a commitment to sustainable energy adoption. Testimonials from satisfied customers praise the company’s professionalism, efficiency, and quality of work.

Financially, Tek Ev Ltd presents a mixed picture. Current assets have decreased by a significant 76%, dropping to £13,000, while net assets have plummeted 960%, resulting in a negative balance of -£48,000. Bank borrowings have increased substantially, and cash reserves have fallen by 93%, leaving just £330. Creditors have increased by 27%, and trade debtors have decreased by 34%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity suggests potential financial strain. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's irregular export activity and declining financial performance raise questions about its long-term sustainability. While its focus on renewable energy and customer satisfaction is commendable, Tek Ev Ltd needs to address its financial challenges to ensure its continued success.

Registered in England/Wales under the registration number 12598396, with a registered address at NR34 7XD, United Kingdom, Beccles, Suffolk, Ellough Park Raceway Benacre Road, Ellough.

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