Test Meter Group Limited

Test Meter Group Ltd, based in Leeds, UK, is a small, holding company with an active status. Established 20 years ago, the company employs 24 people and holds £3,444,616 in assets. It operates from a real address and is overseen by three directors and one owner, running an e-commerce site with a stellar 5.0 Google rating from eight reviews. The company regularly imports and exports optical and medical tools and devices, with 150 months of import activity and 523 months of export activity recorded.

The company's website, testmeter.co.uk, showcases a wide range of electrical testing equipment, installation testers, and related accessories. It caters to professionals in various industries, including electrical, gas, thermal imaging, and data/network. The site highlights brands like Megger, Fluke, and Teledyne FLIR, offering calibration services, hire options, and training courses. It's clear that Test Meter Group Ltd positions itself as a comprehensive supplier and service provider in the test equipment sector.

Looking at the financial data, Test Meter Group Ltd's situation presents a mixed picture. Accumulated amortisation for intangible assets increased by 22%, indicating investment in software, while depreciation for property and equipment rose by 12%. The number of employees increased by 12% to 27, suggesting growth. However, cash bank on hand decreased significantly by 31% to £940,000. Creditors increased by 10% to £2.2 million, and debtors increased by 19% to £740,000. Equity decreased by 5.1% to £2 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity warrants attention. No auditor is mentioned, which is likely due to the company’s small size and exemption from an audit.

The decrease in cash reserves, combined with rising creditors, suggests the company might be burning through money faster than it’s bringing it in. It’s possible this is a temporary effect of increased investment or expansion, but it's something to monitor. The rise in debtors could be a sign of delayed payments from customers, which could put a strain on cash flow. Overall, Test Meter Group Ltd appears to be a well-established player in its niche, but the financial data suggests it's navigating a period of change and potential challenges.

Registered in England/Wales under the registration number 05394680, with a registered address at LS13 2AF, Leeds, 1 Aston Court - (Office Block), Town End Close.

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