Tonecom Ltd

Tonecom Ltd is a small, active company based in Watford, UK, founded two years ago. With a single employee and £27,759 in assets, it’s a solo venture led by a director and owner, Toner Ben Andrew. The company operates in the retail sale via mail order houses or via internet, specializing in metal domes and related components. Its website, True Tone Industries Ltd, showcases a wide range of metal domes, dome arrays, and custom solutions for switch manufacturers. The business even provides museum-grade piano restoration services through its 1066 Pianos division.

The website details a comprehensive catalog of metal domes, including various sizes, shapes, and configurations, catering to diverse applications in membrane switches and printed circuit boards. The site emphasizes manufacturing expertise, custom design capabilities, and a commitment to quality. It also highlights the company’s long-standing presence in the industry, with a focus on British craftsmanship and family ownership.

Financially, Tonecom Ltd’s recent performance presents a mixed picture. Current assets have increased significantly by 420% to £28,000, a positive sign of improved liquidity. However, net losses have deepened, reaching -£11,000, and bank borrowings have surged by 2,400%, reaching £29,000. Creditors have also increased by 120% to £40,000, suggesting a reliance on short-term financing. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased debt load warrants attention. With no auditor mentioned, the financial statements are unaudited.

The company’s growth in assets and increased sales are encouraging, but the reliance on borrowing and the deepening losses suggest it’s burning through cash. The dual focus on metal domes and piano restoration, while potentially diversifying risk, also adds complexity. It's possible the company is investing heavily in growth, but the financial data suggests it needs to carefully manage its expenses and secure more stable revenue streams.

Registered in England/Wales under the registration number 14143858, with a registered address at WD18 7PS, England, Watford, 449 Whippendell Road.

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