Touchtunes Uk Ltd

Touchtunes Uk Ltd, based in London, is a small, active company founded twelve years ago in 2012. Employing just four people, it holds £3,001,559 in assets and operates from a real address at 4 Greenland Place. The company has three directors, though no owners are officially listed—a common occurrence for smaller firms. It’s a regular importer, primarily bringing in electrical machinery and equipment, with 55 months of import activity recorded, the last in November 01, 2024.

The company’s website is minimal, offering little insight into its operations beyond its registration details. It appears to be primarily focused on its core business, with no obvious e-commerce presence or diversification efforts. It operates in the other manufacturing n.e.c., and the other information technology service activities industries.

Financially, Touchtunes Uk Ltd shows a mixed picture. Current assets have increased by a significant 71% to £3,000,000, which is a positive sign. However, net assets have decreased by 25% to -£13,000,000, indicating a substantial loss. Cash reserves have also declined by 15% to £200,000. Bank borrowings have increased, and creditors have risen considerably. The company meets the criteria to be classified as small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to its small size and exemption from full auditing requirements.

The increase in current assets suggests the company is generating more revenue, but the decrease in net assets points to ongoing losses. The substantial debt levels may be a concern, and the lack of owners listed could complicate future investment or ownership changes. The company’s financial situation warrants close monitoring, though its small size allows for agility and potential for adaptation.

Registered in England/Wales under the registration number 08124893, with a registered address at NW1 0AP, United Kingdom, London, 4 Greenland Place.

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