Thorcal Ltd

Thorcal Ltd from Hull UK: a small, active company founded five years ago, employs ten people, and holds £306,752 in assets. It's a family business with two directors and two owners, boasting a perfect 5.0 Google rating from 23 reviews. The company operates as an irregular importer, primarily dealing in optical and medical tools and devices, with the last import occurring in October 2024. It also repairs other equipment.

The company’s website highlights its core business: calibration services for a wide range of equipment, from electrical and electronic devices to pressure gauges and temperature probes. It offers UKAS-accredited calibration, on-site visits, and equipment sales, including test equipment from leading brands. It also provides equipment hire and even offers a self-play system integration for pianos, which is an interesting detail.

Financially, Thorcal Ltd’s numbers paint a mixed picture. Cash reserves have fallen by 39%, dropping to £71,000, while bank borrowings have surged by 320%, reaching £42,000. Trade debtors have increased significantly, by 64%, suggesting customers are taking longer to pay. However, creditors have decreased by 18%, which could indicate better debt management. The company's net assets have increased by 50%, to £250,000. Despite the decline in cash, the increase in net assets is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so these figures are unaudited.

It seems Thorcal Ltd is navigating a period of growth and change, with increased borrowing potentially fueling expansion, but also creating some financial pressure. The diverse range of services and equipment, from calibration to sales and hire, suggests a company trying to capitalize on multiple opportunities within the testing and measurement industry.

Registered in England/Wales under the registration number 12172366, with a registered address at HU9 1TQ, England, Hull, B6 Citadel Trading Park, Citadel Way.

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