T.f. Tull Limited

T.f. Tull Limited, based in Watford, UK, is a sizable company with a long history, having been incorporated 53 years ago in 1971. Currently active, the business employs 56 people and boasts assets of £4,020,478, generating a yearly revenue of £12,920,158. With a real address and four directors, the company is owned by two individuals, including a solo founder. It maintains a stellar 5.0 Google rating from 15 reviews and regularly imports optical and medical tools and devices—a practice spanning 42 months, with the most recent import occurring in November 2024.

The company’s website highlights its expertise in building management systems and control systems, offering services ranging from electrical installations and energy management to manufacturing and maintenance. They even have a division specializing in smart buildings, aiming to create intuitive working environments. T.f. Tull Limited positions itself as a specialist in providing tailored solutions for clients, emphasizing project management and high-quality workmanship. They’re the oldest and one of the largest independent BMS specialists in the UK.

Financially, T.f. Tull Limited’s performance presents a mixed picture. While turnover increased by a healthy 20%, reaching £13 million, the company experienced a significant drop in net assets, falling 26% to £740,000. Cash reserves also declined, decreasing 14% to £1.3 million. Bank borrowings increased by a substantial 77%, reaching £590,000, and creditors decreased by 21%, suggesting better management of short-term liabilities. The company’s staff costs increased by 15%, reflecting the growing demand for their services. The audit firm, JLA (UK) Ltd, provided assurance on the financial statements.

The company’s reliance on retained earnings, which fell by 26%, suggests a need to focus on profitability and potentially explore additional funding options. Despite these challenges, T.f. Tull Limited’s long-standing presence and strong reputation in the BMS sector indicate a resilient business model. It's likely that the increased staff costs are a result of expanding services to meet growing demand, which could be a good sign for the future.

Registered in England/Wales under the registration number 01026256, with a registered address at WD18 8RH, England, Watford, Hertfordshire, Unit D Caxton Court, Caxton Way.

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