Testime Technology Limited

Testime Technology Ltd, based in Hook, UK, is a small, active company established 40 years ago in 1984. With four employees and £616,713 in assets, it’s a long-standing player in the electrical machinery and equipment sector. The company operates with two directors and a single owner, Porteous Sorrel Elise. It’s a real address, as only three companies are registered there.

The company’s core business revolves around importing and exporting electrical machinery and equipment. It has a consistent history of importing, with 320 months of activity recorded, and exporting, with 31 months of activity. Its website showcases a range of high-reliability semiconductors, RF and microwave components, and test equipment from manufacturers like Anritsu and RF Lambda. It seems to operate as a distributor rather than a manufacturer, providing a targeted approach to its customers. The site also highlights a focus on personal customer service and quality systems, including ISO9001 certification.

Financially, Testime Technology Ltd’s recent performance presents a mixed picture. Current assets have decreased by 6.8% to £570,000, and net assets have fallen by 14% to £340,000. Bank borrowings have remained stable, however, creditors have increased by 11% to £230,000. A significant increase in ‘Other Creditors’ by 630% to £40,000 also warrants attention. Trade debtors have also seen a substantial decline of 35%, which could indicate issues with customer payments. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decrease in equity and increase in liabilities suggest it’s facing some financial pressures. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite these challenges, Testime Technology Ltd’s longevity and focus on specialized components indicate a resilient business model. It’s likely that the company is holding steady, but needs to keep a close eye on its cash flow and customer payments.

Registered in England/Wales under the registration number 01859383, with a registered address at RG27 0DJ, England, Hook, Lilly Mill Farm Mill Lane, Sherfield-On-Loddon.

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