Tektalk Solutions Ltd

Tektalk Solutions Ltd from Nottingham UK is a small, active company founded 12 years ago. With just £445 in assets and a virtual address shared by over 100 other businesses, it's a compact operation run by one director and one owner. The company, established in 2013, operates in the retail sale via mail order houses or via internet industries.

The business appears to be focused on online retail, though a website isn't available for review. This suggests a reliance on third-party marketplaces or direct marketing rather than a standalone e-commerce presence. It’s likely a small-scale operation, meeting two of the three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Tektalk Solutions Ltd’s situation looks a little concerning. Current assets have plummeted by a massive 95%, leaving just £440 remaining. Bank borrowings have also decreased, though this doesn’t necessarily indicate financial health. Creditors have increased significantly, reaching £52,000, and net assets have dropped to -£51,000 – a substantial loss. Cash reserves are almost non-existent at just £440. The company's small size allows for agility, but the sharp decline in equity and cash raises questions about its long-term viability. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s sole director, Hall Richard, appears to be at the helm of both the company and its parent, and it’s unclear if this is a sustainable model.

Registered in England/Wales under the registration number 08476334, with a registered address at NG12 4DG, England, Nottingham, Unit 8 Wheatcroft Business Park Landmere Lane, Edwalton.

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