Tgts London Ltd

Tgts London Ltd is a small, active company based in London, UK, founded four years ago in July 2020. It operates with a virtual address, a single director, and a solo founder, Gunturk Tarik, who also acts as the owner. The company holds just £3,357 in assets and is registered at 17 Green Lanes, N16 9BS, though this address is shared by 753 other companies.

The business focuses on retail sale via mail order and internet, as well as business and domestic software development. It’s a small company, meeting two out of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website, infotgtservices.com, reveals it’s a temporary employment agency specializing in key staff management solutions for national and international clients. It provides services to businesses of all sizes, offering primary services for all aspects of temporary employment management. The agency also actively seeks skilled professionals for exciting jobs around the globe.

Financially, Tgts London Ltd shows a mixed picture. Current assets have increased by 39% to £3,400, but net assets have jumped dramatically to £1,100, largely due to a 600% increase in retained earnings. Bank overdrafts remain steady at £1, while creditors have decreased slightly. However, the company’s other creditors have surged by 190% to -£6,700, and trade debtors have increased by a whopping 850% to £3,400. Cash reserves have increased to £2,100. The company’s small size helps it stay agile, but the large increase in debtors could indicate payment delays. With no auditor mentioned, the figures are unaudited.

Overall, Tgts London Ltd appears to be navigating a period of growth, but the significant increase in creditors and debtors suggests it's burning through cash to fuel that growth. It’s a small company, and the solo founder is clearly working hard to manage the business, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 12712768, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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