Tellermate Limited

Tellermate Limited, based in Newport, UK, is a sizable holding company with an active status, having operated for 44 years. Employing 44 individuals and boasting assets of £11,369,589, the company is a regular importer and exporter of machinery, boilers, and mechanical appliances, parts. It maintains a real address and is overseen by six directors and one owner, holding a stellar 5.0 Google rating based on two reviews.

The company’s website paints a picture of a business focused on cash management solutions for retailers, restaurants, and grocery chains. It offers a range of products, including money counting machines, touchscreen cash counters, and intelligent cash drawers, alongside software and accessories. Tellermate doesn’t appear to be primarily an e-commerce operation, instead, it seems to function as a B2B supplier, showcasing its products and solutions through its website and highlighting customer stories. The website also includes a news section, promoting its presence at industry events and providing insights into the cash management sector.

Looking at the financial data, Tellermate Limited shows some concerning trends. While bank borrowings increased by a significant 17%, cash reserves declined by 35% to £1,600,000. Net assets decreased by 10% to £7,000,000, and net losses deepened to -£260,000. However, creditors decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be considered a large company—having turnover more than £36 million and balance sheet more than £18 million—but the decrease in cash reserves and deepening losses could be a sign of financial strain. The lack of an auditor mentioned suggests the company is exempt, relying on unaudited financial statements.

Despite these challenges, Tellermate's strong Google rating and focus on a specialized niche—providing cash management solutions to large retailers—suggests a business with potential. The company's longevity, with its 44-year history, is a testament to its resilience, and its focus on innovation—as evidenced by its range of products and solutions—could help it navigate the current financial pressures.

Registered in England/Wales under the registration number 01522341, with a registered address at NP19 4SL, Newport, Leeway House, Leeway Industrial Estate.

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