Terracore Group Limited

Terracore Group Limited is a small, active company based in Taunton, UK, founded four years ago in 2020. With £908,862 in assets and a real registered address, it’s a modest operation employing eight people. The company has three directors and one owner, Davies Neal, and is likely a virtual address as 248 companies are registered at the same location. It regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 18 months of import activity and 5 months of export activity recorded.

The company operates as a global holding company, owning and managing a portfolio of brands specializing in innovative air, water, and power solutions. These brands include Dustquip (dust suppression equipment), Impellr (drainage pumps), and Western Global (portable tanks and dispensing equipment), among others. The company’s website highlights its expertise in manufacturing and its commitment to innovation, collaboration, and customer service. It's a family business, with a focus on providing solutions for industries like waste recycling, construction, and mining.

Financially, Terracore Group Limited presents a mixed picture. Cash bank on hand increased dramatically, surging 9800% to £110,000, which is a positive sign. However, net assets declined by 21%, settling at £47,000, and average number of employees increased by 25% to ten. Creditors also increased, rising 50% to £380,000, suggesting potentially increased borrowing or supplier payments. Trade debtors also increased, up 69% to £260,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity is something to watch. The accounts are unaudited, likely due to the company’s small size and exemption from audit.

Registered in England/Wales under the registration number 12886054, with a registered address at TA1 3DU, United Kingdom, Taunton, Calyx House, South Road.

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