Tek Limited

Tek Limited, based in Worcestershire, UK, is a small holding company with an active status, having been incorporated 32 years ago in 1993. The company employs 18 people and holds £357,680 in assets. It operates from a real address and is overseen by three directors and three owners. Tek Limited irregularly imports aluminum and aluminum products (last import July 2023) and exports miscellaneous metal items (last export September 2024).

The company’s website showcases a wide range of products related to ventilation, acoustic control, and louvers. It appears to be a business-to-business operation, catering to architects, designers, and contractors. There’s no obvious e-commerce functionality; instead, the website functions as a product catalog and marketing tool, highlighting Tek Limited’s expertise in bespoke solutions and pioneering designs. The company's core business is the manufacture of metal structures and parts of structures.

Financially, Tek Limited’s recent performance presents a mixed picture. Current assets have decreased by 28%, falling to £360,000, while net assets have increased by 27%, reaching £29,000. Bank borrowings have increased by 2.2%, reaching £83,000, and cash reserves have decreased by 60%, leaving £21. Trade debtors have plummeted by 55%, which could be a positive sign of improved collections, but creditors have also decreased by 29%, suggesting better debt management. 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 decrease in cash reserves warrants attention. The company is exempt from audit, so the financial statements are unaudited.

The increase in bank borrowings, while not alarming, could indicate increased investment or operating expenses. The significant decrease in trade debtors is a good sign, but the decline in cash reserves suggests the company may be relying more on credit. Overall, Tek Limited appears to be a stable, albeit somewhat cash-constrained, business operating in a specialized niche.

Registered in England/Wales under the registration number 02787537, with a registered address at WR2 5AG, Worcestershire, 31 St Johns, Worcester.

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