Tercoeu Ltd

Tercoeu Ltd, based in West Byfleet, UK, is a small, active company founded 14 years ago. With two employees and £123,687 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports electrical machinery and equipment (15 months), with the last import in August 2024, and occasionally exports iron or steel products (1 month), with the last export in December 2019. It operates within the manufacture of other special-purpose machinery n.e.c. industries.

The company’s website, terco.com, showcases a global network of locations, including corporate headquarters in Bloomingdale, Illinois, and regional offices in Mexico, Australia, South Korea, and Europe. TercoEU Ltd, the UK branch, provides machines, service, and spare parts, with contact details for David Routley and Andy. The site also highlights partnerships with distributors like S.R. Clough Enterprises in Australia. The website’s focus is on selling and servicing industrial machinery, not direct-to-consumer e-commerce. It’s a business-to-business operation, providing equipment and support for industrial clients.

Financially, Tercoeu Ltd shows a mixed picture. Cash reserves declined significantly, dropping 52% to £16,000, while bank borrowings increased by 61% to £110. Creditors remained steady at £120,000, and trade debtors grew by 16% to £71,000. A notable increase in other creditors, jumping 2000% to £21,000, suggests potential short-term financing needs. Despite a decrease in other debtors, the company’s equity grew by 61%, reaching £66, and the net assets liabilities increased to £66. The company is a small business, meeting two of the three criteria for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

Overall, Tercoeu Ltd appears to be navigating a period of change. While the company’s global network and focus on industrial machinery suggest a stable business model, the financial data indicates some challenges in cash flow management. The growth in bank borrowings and the decline in cash reserves warrant close monitoring, but the increased equity suggests a positive underlying trend.

Registered in England/Wales under the registration number 07394120, with a registered address at KT14 6PH, West Byfleet, 28 Dartnell Avenue.

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