Terraroc Ltd

Terraroc Ltd, a small company based in London, UK, has been active for five years, employing ten people and holding assets of £1,289,922. Founded in July 2019, the company operates from a virtual address, managed by four directors, though no owners are officially listed. It’s a regular importer and exporter of basic metal tools and utensils, with 96 months of recorded activity in both categories.

The company’s website reveals a specialized business focused on core drilling equipment and related services. It’s a subsidiary of Debe Drill Group AB and offers a range of products including casing advancement systems, down-the-hole hammers, and core drilling equipment. The site emphasizes precision, efficiency, and safety, catering to a global customer base with regional offices in the USA, UK, and Finland. It seems they are not an e-commerce site, but rather a B2B supplier of specialized equipment. News updates on the website highlight new hires, pilot projects, and factory visits—suggesting ongoing growth and industry engagement.

Financially, Terraroc Ltd’s performance presents a mixed picture. Current assets have decreased by 16% to £1,300,000, while net assets have seen a significant turnaround, increasing by 140% to £1,100,000. Bank borrowings have decreased by 2,400%, reaching £29,000, and cash reserves fell 19% to £95,000. Trade debtors have increased by 14%, suggesting a possible shift in credit terms. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the significant change in equity raises questions about its long-term stability. The company’s financial statements are unaudited, and no auditor is mentioned.

Overall, Terraroc Ltd appears to be navigating a period of change. While its specialized equipment business seems to be thriving, the financial data suggests a need for careful management to ensure sustained growth.

Registered in England/Wales under the registration number 12131970, with a registered address at WC1N 2EB, England, London, 10 John Street.

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