Texo Group Limited

Texo Group Limited, based in Witham, UK, is a sizable holding company with an active status, having been incorporated six years ago in May 2018. Employing 98 people, the company boasts assets of £24,430,625 and generates revenue of £47,432,061 annually. The company, with a perfect 5.0 Google rating based on three reviews, operates from a real address and is overseen by four directors and one owner. It regularly imports machinery, boilers, and mechanical appliances (parts for nine months), and exports iron or steel products (for twenty months).

The company describes itself as a group of experienced engineers, surveyors, fabricators, and constructors dedicated to finding the best solutions for industrial challenges. They offer eight dedicated services, ranging from engineering and fabrication to asset integrity and port services. Texo’s sectors of expertise include energy, marine, airport facilities, and heavy industrial, among others. Recent case studies highlight their work on shaft and tunnel inspections, hydraulic line replacements, and screen fault investigations.

Financial data reveals a mixed picture. While revenue increased significantly, from £15 million to £47 million, net assets decreased from £17 million to £24 million. Liabilities have increased, with accrued liabilities doubling to £6.4 million. Cash reserves have also declined substantially, falling from £2.8 million to just £0.94 million. Bank borrowings have increased dramatically, reaching £2.9 million. The company’s turnover is substantial, meeting two of the three criteria for a large company. The decrease in equity could indicate reinvestment in the business or challenges in managing cash flow. The company is audited by Haslers, and the accounts are unaudited.

Overall, Texo Group Limited appears to be a dynamic company operating in a demanding sector. While the financial data suggests some pressures, the company's established presence, diverse service offerings, and positive customer reviews indicate a resilient business model.

Registered in England/Wales under the registration number 11383263, with a registered address at CM8 3TH, United Kingdom, Witham, Essex, 8 Stepfield.

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