Tomax Technology Limited

Tomax Technology Ltd from Weybridge UK: a small holding company with an active status, was founded 13 years ago and employs 20 people. The company holds £866,499 in assets and operates from a virtual address, managed by one director and one owner. It boasts a perfect 5.0 Google rating based on a single review and regularly imports and exports electrical machinery and equipment, having done so for 85 and 53 months respectively.

The company’s operations appear to center around information technology consultancy, with a focus on holding company activities. The registered address, shared with 180 other companies, suggests a virtual office arrangement. The single director and owner structure points to a tightly controlled business. The company’s website is not available for analysis.

Financially, Tomax Technology Ltd’s numbers present a mixed picture. Current assets increased by 6.2% to £870,000, while net assets remained steady at £60. Bank borrowings have decreased significantly, dropping 46% to £190,000, and cash reserves have fallen 17% to £8,100. Trade debtors have increased by 18%, suggesting a possible increase in sales on credit. Creditors have decreased by 69%, which is a positive sign. The company meets the criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the company is exempt from an audit as a small entity.

The company’s financial health appears stable, though the decrease in cash reserves warrants monitoring. The increase in trade debtors could indicate a need to manage credit terms more closely. While the company’s financials don’t raise any immediate red flags, the virtual address and single-person management structure might be something to keep an eye on.

Registered in England/Wales under the registration number 07981079, with a registered address at KT13 8AL, United Kingdom, Weybridge, Surrey, Ground Floor, Egerton House, 68 Baker Street.

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