Teqex Ltd

Teqex Ltd from Heywood UK is a small holding company with an active status, founded eleven years ago. The company employs ten people and holds assets valued at £513,833, operating from a real address in Lancashire. It’s led by two directors and has one owner, and features an e-commerce site with a stellar 5.0 Google rating based on thirteen reviews. Teqex is an irregular importer of machinery, boilers, and mechanical appliances, with parts imported for two months, the last operation occurring in March 2024.

The company’s website showcases a range of services, including hardware supply, IT support, and consultation, catering to public sector clients, education, healthcare, and government bodies. It’s also a reseller of IT equipment, partnering with leading technology vendors. A dedicated team of sales and support staff are highlighted, with a focus on building long-term client relationships and delivering tailored solutions. The company even has a "shop" section live, offering the latest IT hardware with next-day delivery.

Financially, Teqex Ltd presents a mixed picture. Current assets have decreased by 31%, falling to £510,000, while net assets have also dropped by 22%, settling at £380,000. Bank borrowings have increased significantly, rising by 98% to £9,800, and cash reserves have plummeted by 98%, leaving just £2,500. Creditors have decreased by 28%, suggesting improved debt management. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the decline in cash and equity warrants attention. No auditor is mentioned, meaning the financial statements are unaudited.

Overall, Teqex Ltd seems to be navigating a period of change. While the e-commerce side appears active and well-regarded, the financial figures suggest a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 08630100, with a registered address at OL10 1ND, England, Heywood, Lancashire, Unit 2 Green Lane, Southgate Ind Est.

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