Thorcom Systems Limited

Thorcom Systems Ltd, based in West, Worcester, UK, is a small holding company with an active status, established 33 years ago. The company employs 11 people and holds assets valued at £287,000. It has five directors and one owner, and its registered address is real, with only one other company registered there. Thorcom is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation occurring in August 2024.

The company’s website highlights its focus on mission-critical communications technology. Thorcom provides high-performance vehicle communication devices and software applications designed for mission-critical users, offering solutions for dispatch, location, and messaging. They supply both directly to end-user organisations and through third-party service delivery partners. The website also details solutions for ambulance mobilisation, mobile data, and vehicle location, showcasing a focus on emergency services and public transport sectors. They offer consultancy, software development, and managed services, alongside project management and field service support.

Financially, Thorcom Systems Ltd presents a mixed picture. While bank borrowings increased slightly to £64,000, cash reserves dropped significantly by 58% to £120,000. Current assets also declined sharply, falling 39% to £290,000. However, creditors decreased by 12% to £320,000, suggesting improved debt management. The company’s size—meeting two of three conditions for a small company—allows for agility, but the substantial drop in equity, falling 60% to -£84,000, is a cause for concern. The company's unaudited financial statements, prepared using Caseware UK (AP4) 2023.0.135, were authorised on July 22, 2024, and audited by PKF Smith Cooper Audit Limited. The company’s focus on niche markets and mission-critical applications may help it navigate these financial pressures, but the long-term sustainability of the business remains to be seen.

Registered in England/Wales under the registration number 02704696, with a registered address at WR3 8TJ, West, Worcester, Unit 4, 96b Blackpole Trading Estate.

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