Tek-tanks Limited

Tek Tanks Ltd, based in Alton, UK, is a small, active company founded 25 years ago. Despite confirmation being overdue by six months, the business employs 14 people and holds £540,435 in assets. With three directors and a solo founder at the helm, Tek Tanks Ltd operates an e-commerce site and enjoys a stellar 5.0 Google rating from 21 reviews. The company regularly imports plastics and plastic products (6 months of activity) and exports iron or steel products (5 months).

The company’s website, while not detailed, indicates a focus on plastic fabrication, likely catering to industrial clients. 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, employees less than 50.

Financially, Tek Tanks Ltd shows a mixed picture. Current assets increased by 18% to £540,000, while net assets remained steady at £260,000. Bank borrowings decreased slightly, and cash reserves grew by 21% to £130,000. Creditors increased by 53%, suggesting a need to manage debts. Trade debtors also rose significantly, which could be a sign of customers taking longer to pay. The company’s small size helps it remain agile, but the increase in creditors warrants attention. With no auditor mentioned, the figures are unaudited.

Overall, Tek Tanks Ltd seems to be holding its own, benefiting from its established reputation and e-commerce presence. However, it's important to monitor the increase in creditors and ensure timely payments to maintain financial health.

Registered in England/Wales under the registration number 03857992, with a registered address at GU34 4JR, Alton, Hampshire, The Old Stables, West End Farm Upper Froyle.

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