Texam Limited

Texam Limited, based in Lisburn, Northern Ireland, is a small, active company with a long history, having been founded 51 years ago in 1973. With four employees and £835,273 in assets, it's a modest operation managed by two directors and a single owner. The company boasts a stellar 5.0 Google rating from seven reviews, reflecting a strong reputation. It operates from a real address and is an irregular importer of machinery, boilers, and mechanical appliances; parts, with the last import activity recorded one month ago in 2016.

The company’s core business revolves around the manufacture of bearings, gears, gearing and driving elements, and other machine tools. It seems to operate primarily as a B2B supplier, with no obvious e-commerce presence. Its website, while functional, lacks detailed product information or online ordering capabilities, suggesting a focus on direct sales and established relationships.

Financially, Texam Limited presents a mixed picture. Current assets increased by 4.8% to £840,000, while net assets grew by 7.5% to £770,000. However, trade debtors decreased by 14%, indicating potential issues with customer payments. Bank borrowings increased, and cash reserves rose by 17% to £270,000. Despite the growth in assets, losses deepened, and creditors increased by 13%. 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 flexibility, but the increase in creditors warrants closer attention. No auditor is mentioned, likely due to its small size, meaning the figures are unaudited.

Overall, Texam Limited seems to be a stable, long-standing business, but the financial data suggests it may be burning through money. The increase in creditors and losses, despite asset growth, warrants further investigation.

Registered in Northern Ireland under the registration number NI009631, with a registered address at BT27 5QB, Lisburn, Co.Antrim, Blaris Ind.Estate, Altona Road.

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