Tky Solution Limited

Tky Solution Limited is a small, active company based in London, UK, established five years ago in 2019. It employs just two people and holds £345,127 in assets, operating from a real address shared by seven other companies. The company is led by a single director and owner, Yar Fatih, and functions as a regular importer, specializing in furniture, lighting, and prefabricated buildings – a trade it’s been engaged in for fourteen months, with the most recent import occurring in September 2023.

Beyond importing, Tky Solution Limited engages in the wholesale of metals and metal ores, as well as management consultancy services, though it’s unclear how significant these activities are. The company’s website showcases a cleaning services business, TKY GROUP CLEANING SERVICES LTD, operating across multiple locations in the UK. It appears to be a separate entity, but both share the “TKY” branding, suggesting a possible connection or shared ownership.

Financially, Tky Solution Limited presents a mixed picture. Cash reserves have impressively doubled to £340,000, a positive sign of liquidity. However, creditors have also risen significantly, increasing by 1200% to £170,000, which could indicate growing operational expenses or extended payment terms. Bank borrowings decreased slightly, falling by 8.5% to £6,900. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in creditors warrants closer scrutiny. The unaudited accounts, prepared using VT Final Accounts software, are exempt from an audit, relying on director-reported data.

While the company's cash position looks healthy, the substantial rise in creditors suggests it's burning through money faster than it's bringing it in. The dual focus on importing and cleaning services, coupled with the shared branding, creates a complex picture of a company potentially juggling multiple ventures, and it’s unclear if these ventures are mutually beneficial.

Registered in England/Wales under the registration number 12136678, with a registered address at N17 8EY, United Kingdom, London, 869 High Road.

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