Tek24 Ltd

Tek24 Ltd, based in London, UK, is a small, active company established seventeen years ago in May 2007. With three employees and £93,135 in assets, it operates from a virtual address shared by over seven thousand other companies—a bit unusual, really. The company is a family business, run by three directors and two owners, and its status has been updated recently.

The business focuses on information technology consultancy, computer facilities management, and other IT services. It’s an irregular importer of electrical machinery and equipment, with just one month of import activity recorded in 2023, but a regular exporter of machinery, boilers, and mechanical appliances, boasting five months of export activity.

Financially, Tek24 Ltd presents a mixed picture. While net assets improved significantly, jumping from -£77,000 to -£14,000, cash reserves increased by a substantial 74% to £42,000. However, bank borrowings decreased by 20%, and trade debtors increased by a whopping 160%. Creditors also decreased by 37%, which is a good sign. 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 improvement in net assets is a positive trend. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. Overall, Tek24 Ltd seems to be navigating its way, with a focus on exports and a recent upturn in financial health.

Registered in England/Wales under the registration number 06256689, with a registered address at W1W 7LT, England, London, 85 Great Portland Street, First Floor.

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