Titanfix Ltd

Titanfix Ltd, based in Dungiven, Northern Ireland, is a small, active family business founded nine years ago. With four employees and £673,639 in assets, it operates from a real address and is led by a single director and two owners. The company runs an e-commerce site with a stellar 5.0 Google rating based on eight reviews, specializing in the sale of drylining supplies and tools. It’s a regular importer of basic metal tools and utensils, with 18 months of import activity recorded, the latest in November 2024.

The TitanFix website showcases a wide range of products, including joint knives, drywall fillers, and metal power tools, catering to the construction and drylining industries. It features several well-known brands like Level 5, TapeTech, and Spit, and offers express delivery and bulk pricing options. The site also highlights a subscription service for newsletters to receive discounts.

Financially, Titanfix Ltd presents a mixed picture. While current assets increased by 12% to £670,000, net assets rose by 26% to £300,000, indicating growth. However, bank borrowings decreased by 30% to £50,000, and cash reserves increased by 64% to £140,000. A significant rise in taxation and social security payable, up 860% to £39,000, could suggest increased business activity or a one-off adjustment. Creditors decreased by 24%, showing improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) helps it remain flexible. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Titanfix Ltd appears to be a healthy, growing business, although the rise in tax liabilities warrants further investigation. Its focus on drylining supplies and its strong online presence position it well within the construction sector.

Registered in Northern Ireland under the registration number NI633796, with a registered address at BT47 4PL, Northern Ireland, Dungiven, Derry, 363 Foreglen Road.

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