Tongda Distribution Ltd

Tongda Distribution Ltd, based in Reigate, UK, is a small, active company founded five years ago. With 22 employees and £1,294,731 in assets, it operates from a virtual address – a point to note as 191 companies share the same location. The business is led by a solo founder who also serves as director and owner. Tongda Distribution Ltd regularly imports machinery, boilers, and mechanical appliances, parts, with the latest import in November 2023. It also exports similar items, with the most recent export in April 2024. The company operates within the other transportation support activities industries.

The company’s website is currently unavailable, making it difficult to assess its online presence and e-commerce activities. Without a website, it's likely Tongda Distribution Ltd primarily operates through direct sales or partnerships rather than online retail.

Financially, Tongda Distribution Ltd presents a mixed picture. Cash bank on hand has surged by a remarkable 630%, jumping to £310,000, a positive sign of improved liquidity. However, accrued liabilities have decreased by 57%, dropping to £8,400. Current assets have doubled to £1,300,000, a strong indicator of short-term financial health. However, the company’s equity has grown substantially, increasing by 230% to £910,000, which could be a result of retained earnings. Bank borrowings have decreased by 25%, reducing to £30,000. Creditors have increased by 26%, reaching £750,000, and debtors have grown significantly, rising by 82% to £980,000. The average number of employees has decreased by 18%, falling to 18. It’s worth noting that the company is exempt from an audit as a small company.

Overall, Tongda Distribution Ltd appears to be navigating a period of change. The substantial increase in cash reserves and current assets suggests improved financial performance, but the rise in creditors and debtors warrants further investigation. The decrease in employee numbers could indicate streamlining efforts or a shift in operational strategy.

Registered in England/Wales under the registration number 12366626, with a registered address at RH2 7JE, England, Reigate, Surrey, The Coach House, 1 Howard Road.

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