Tempo Distribution Limited

Tempo Distribution Limited is a small, active company based in Leatherhead, UK, founded four years ago in December 2020. With just one employee and £9,723 in assets, it’s a solo founder operation led by a single director and owner. The company operates in the wholesale and retail of watches and jewellery, and even dabbles in manufacturing watches and clocks. It’s an irregular importer, bringing in clocks, watches, and their parts for a couple of months, with the last import activity occurring in November 2023.

The company’s website, Distribution Supplies, focuses on the wholesale and distribution of tiles in the UK. It boasts a wide range of materials, finishes, and colours, catering to both commercial and residential projects. The site highlights its ability to supply quality tiles at competitive prices, directly from manufacturers, and even offers a large warehouse holding over 500,000 square meters of tiles. It's a well-established business, even offering direct containers and holding back up stock.

Financially, Tempo Distribution Limited’s numbers paint a mixed picture. Current assets have increased by 190% to £9,700, a positive sign, but net assets have plummeted 78% to just £400. Bank borrowings have increased significantly, by 310%, reaching £9,700, while cash reserves have fallen 110%, leaving a net current assets liability of -£1,100. Creditors have also risen by 310%, reaching £11,000. 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 agility, but the decline in equity raises concerns. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The business appears to be facing some financial pressures, despite the growth in current assets. It’s a small operation with a focus on wholesale tiles, but the numbers suggest it’s burning through cash, and the solo founder may be struggling to manage the business.

Registered in England/Wales under the registration number 13092814, with a registered address at KT23 4SQ, England, Leatherhead, 16 South End, Bookham.

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