Teq Group Ltd

Teq Group Ltd from Sevenoaks UK: small company, active status, founded 3 years ago, accounts overdue 3 months, £484 assets, real address, 1 director, 1 owner, google rating 5.0 based on 3 reviews. It’s a small business, meeting two of three conditions for being classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner and one director, with both lists changed five months ago, which is a good sign.

The company’s website, teqgroup.co.uk, seems to be a simple e-commerce site, though it’s not clear what they’re selling. There’s no detailed product catalog or shopping cart functionality visible, suggesting a more basic online presence, perhaps a storefront or a link to a third-party marketplace. It's not clear if they have a physical store, but the website is minimal.

Financially, Teq Group Ltd is showing some concerning trends. Net assets are negative at -£1500, and cash on hand is a meager £210. Current assets are a bit better at £480, but creditors are at £1900, meaning they owe more than they have. Bank borrowings are not mentioned. The company's small size helps it stay nimble, but the negative equity and low cash reserves suggest it's burning through money. It's likely the accounts are unaudited, as is common for small companies. There's no auditor mentioned in the report. The company’s small size and recent changes in ownership and directorship could be a sign of restructuring or a new strategic direction, but it’s also a sign of financial pressure.

Registered in England/Wales under the registration number 13976692, with a registered address at TN14 5GA, England, Sevenoaks, 1 Seymour Place Woodland Road, Dunton Green.

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