Toptech Group Limited

Toptech Group Limited, based in Birmingham, UK, is a small, active company established nine years ago. It's a solo-founded operation with two directors, holding £80,543 in assets. The company operates an e-commerce site and is an irregular importer of plastics and plastic products, with its last import activity occurring two months ago. It’s a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company's website reveals a more extensive operation than initially apparent. Toptech Engineering Limited positions itself as a leading digital infrastructure systems integrator for West Africa, offering a wide range of services including data center consultancy, IT infrastructure, power and cooling solutions, and even solar systems. It boasts a portfolio of clients and partners, including major players in the IT and power sectors. The website highlights a focus on quality, innovation, and expertise, with a strong emphasis on providing tailored solutions and exceptional customer service. They even have offices in Ghana and Nigeria.

However, a closer look at the financials paints a concerning picture. Net assets have plummeted by a staggering 3,400%, dropping from -£420 to -£15,000. Cash bank on hand remains steady at £26,000, but bank borrowings have decreased by 16% to £40,000. Current assets have fallen by 32%, to £81,000, while bank overdrafts have increased dramatically by 300%, reaching £10,000. Creditors have also decreased by 16%, suggesting some improvement in debt management. The company’s single employee, likely the founder, is managing a complex business with diverse offerings. The lack of an auditor, a common occurrence for small companies, means the figures are unaudited.

In short, Toptech Group Limited appears to be facing financial headwinds despite its seemingly robust service offerings. The sharp decline in equity raises questions about its long-term viability, and the increased overdraft suggests a reliance on short-term financing. It’s a small company with big ambitions, but it will need to address these financial challenges to sustain its growth.

Registered in England/Wales under the registration number 10031323, with a registered address at B6 4TQ, England, Birmingham, 16 Rudgewick Croft Aston.

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