Texco Ltd

Texco Ltd, based in Oldham, UK, is a small, active company founded 14 years ago in 2010. With a single employee and £607,418 in assets, it’s a solo founder operation led by one director and owner, Mahmood Tahir. The company operates in the manufacture of household textiles industries and is a irregular importer, with its top import category being Various textile products, sets, used clothing, and rags, totaling 1 months of imports. The last import operation was conducted on October 01, 2018. Texco is also a regular exporter, with its top export categories including Various textile products, sets, used clothing, and rags, totaling 8 of months exports. The last export operation took place on August 01, 2021.

The company’s website, Texco, focuses on providing services to ex-servicemen. It’s a state-owned corporation established in 1986, providing contractual employment to ex-servicemen and their dependants. The website details services like providing manpower for security roles, project management, and even disaster recovery for pianos – a surprising and seemingly unrelated venture. The site includes a Tamil Nadu ExServicemen’s Corporation Limited logo and contact information, suggesting a broader regional connection. The website has a "click here to pay" button, indicating online payment processing.

Financially, Texco Ltd shows a mixed picture. Cash reserves increased by a healthy 45% to £530,000, while creditors rose by 85% to £210,000, suggesting increased reliance on trade credit. Trade debtors also increased, up 25% to £22,000. Equity, however, decreased slightly, down 0.52% to £390,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in creditors should be monitored. The company's tax currently payable is based on taxable profit for the year. There is no auditor mentioned, likely due to its status as a small company, so the figures rely on unaudited statements.

Overall, Texco Ltd appears to be financially stable, with growing cash reserves, but the increase in creditors and slight decrease in equity warrants attention. The company’s dual focus on textile exports and services for ex-servicemen, alongside the unexpected piano restoration angle, creates a unique and somewhat complex business profile.

Registered in England/Wales under the registration number 07302053, with a registered address at OL2 5LN, England, Oldham, Vine Mill Holden Fold Lane, Royton.

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