Thompson Joint Integrity Solutions Ltd

Thompson Joint Integrity Solutions Ltd, based in Newcastle Upon Tyne, UK, is a small, active family business founded nine years ago. With six employees and £530,121 in assets, the company operates from a real address and is managed by two directors and two owners. They regularly import and export machinery, boilers, and mechanical appliances, with a strong focus on parts—14 months of exports and 32 months of imports recorded.

The company’s website showcases a diverse range of services, from tool rental and plant hire to facilities management and torque solutions. They cater to various industries, emphasizing bespoke solutions and exceptional customer support. The website also highlights a history rooted in industrial power tool sales, evolving into a broader industrial service provider. They have a showroom in Harrods, London.

Financially, Thompson Joint Integrity Solutions Ltd presents a mixed picture. Cash bank on hand has significantly increased by 270% to £230,000, a positive sign. However, creditors have also risen, with both short-term and long-term obligations increasing—short-term creditors up 85% to £280,000 and long-term creditors up 53% to £67,000. Net assets have grown by a healthy 60% to £750,000, and the company’s average number of employees has increased by 17% to seven. While the company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million, the rise in creditors suggests they may be relying on credit to fund operations. The lack of an auditor mentioned, typical for a small, exempt company, means these figures are unaudited.

Overall, Thompson Joint Integrity Solutions Ltd appears to be growing, but the increase in debt warrants close monitoring. The company’s diverse service offerings and commitment to customer support suggest a solid foundation, but financial pressures could pose a challenge moving forward.

Registered in England/Wales under the registration number 09939181, with a registered address at NE12 9BS, England, Newcastle Upon Tyne, Tyne And Wear, Unit 15 Wesley Court Benton Square Industrial Estate, Benton.

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