Termika Ltd

Termika Ltd, based in London, UK, is a small, active company established eleven years ago in March 2014. It employs just two people and holds £113,376 in assets. The company operates from a virtual address – thirty-three other companies share the same location – and is managed by two directors and one owner. Termika Ltd regularly imports iron and steel, with a history of four months of import activity, the last recorded in April 2022. The company’s primary business falls under "other professional, scientific and technical activities n.e.c." industries.

While the company’s website is unavailable, its activities suggest a focus on importing and potentially distributing industrial materials. The virtual address raises questions about its physical presence and operational scale, but the consistent import history points to a functional business.

Financially, Termika Ltd presents a mixed picture. Current assets have plummeted by 67%, falling to £110,000, while net assets have also decreased by 3.5%, settling at -£580,000. Bank borrowings remained steady at £3, but cash reserves have dropped significantly by 89%, leaving just £680. Creditors have also decreased by 23%, and debtors have fallen by 66%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) likely contributes to its agility, but the substantial equity decline is concerning. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Termika Ltd appears to be navigating financial challenges. While its import operations continue, the declining assets and negative equity suggest a need for careful management. The lack of a visible online presence makes it difficult to assess its market position and growth potential, but the company’s continued activity indicates a resilience despite these difficulties.

Registered in England/Wales under the registration number 08949330, with a registered address at W14 0HH, London, 220c Blythe Road.

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