Tier 1 Asset Management Limited

Tier 1 Asset Management Ltd, based in Manchester, UK, is a large, holding company with an active status. Established 26 years ago, in February 04, 1999, the company employs 66 people and manages £8,452,178 in assets, generating £15,832,957 in revenue annually. It operates from a real address and is overseen by two directors and one owner, boasting a 4.0 Google rating from 40 reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances parts, with import activity spanning 30 months and export activity spanning 42 months.

The company’s website reveals a focus on circular IT lifecycle services, positioning itself as the UK’s number one in this sector. Tier 1 Asset Management Ltd offers a range of services including ITAD (IT Asset Disposition), data destruction, asset resale, and refurbishment. It emphasizes security, sustainability, and social value, catering to businesses seeking responsible IT asset management solutions. The website highlights the company’s multichannel routes to market for resale and its commitment to environmental sustainability, even showcasing a premium refurbishment service that saves carbon emissions.

Financially, Tier 1 Asset Management Ltd presents a mixed picture. While cash bank on hand increased by a substantial 130% to £5,000,000, net assets declined by 28% to £3,200,000. Administrative expenses surged by 120% to £1,000,000, while director remuneration increased by 120% to £440,000. Creditors also rose significantly, increasing by 98% to £5,700,000. Despite these challenges, revenue increased by 7.4% to £16,000,000. The company’s turnover is over £36 million, and the balance sheet total is over £18 million, which means it is a large company. No auditor is mentioned, likely due to its size.

These figures suggest the company is experiencing growth but also facing increased costs. The surge in administrative expenses and rising creditors could indicate investments in expansion or operational challenges. The increase in revenue, however, demonstrates the effectiveness of its circular IT lifecycle services and its position as a market leader.

Registered in England/Wales under the registration number 03708416, with a registered address at M45 8GZ, Manchester, Greater Manchester, 59 Stanley Road, Whitefield.

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