Touchstone Resources Limited

Touchstone Resources Limited, based in Shanklin, UK, is a small, family-run business with an active status. Founded 28 years ago in 1996, the company employs just two people and holds £10,978 in assets. It has three directors and two owners, with a real registered address. Touchstone Resources is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with its last import operation recorded way back in March 2019.

The company’s website reveals a much larger operation: Touchstone Exploration, a major independent onshore oil and gas producer in Trinidad. This division focuses on exploration, development, and production, boasting a diversified portfolio and a focus on building shareholder value. Recent news highlights include board changes, share purchase plans, and the announcement of annual results. The Trinidad division also emphasizes sustainability and community engagement. It’s a bit surprising to see such a large-scale operation linked to a small UK-based company.

Financially, Touchstone Resources Limited presents a mixed picture. Current assets have declined by a significant 30% to £11,000, and net assets have fallen 36% to £14,000. Cash reserves have also decreased by 29% to £11,000. However, creditors have seen a 12% decrease, suggesting improved debt management. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible, but the decline in equity is concerning. There's no mention of an auditor, which is common for small, exempt companies. The company’s directors, Mr. and Mrs. Bishop, appear to be heavily involved, and their ownership stake is likely substantial. The company’s turnover is likely quite small, but the Trinidad operations are generating significant revenue.

Registered in England/Wales under the registration number 03270654, with a registered address at PO37 6PP, England, Shanklin, 9 Highfield Road.

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