Tour Tech (uk) Limited

Tour Tech (uk) Limited, based in Stourbridge, UK, is a small, holding company with an active status. Established 26 years ago in 1999, the company holds £241,810 in assets and operates from a real address in Wordsley. It’s run by two directors and one owner, with Stage Audio Services Ltd being the ultimate controlling entity. Tour Tech is a regular importer, specializing in electrical machinery and equipment, with 14 months of import activity recorded, the last in June 2022. The company’s core business involves renting and leasing of media entertainment equipment.

While the company’s website is non-existent, it's clear from the financial data that Tour Tech is navigating a period of change. Current assets have decreased slightly, dropping by 2%, to £240,000, and net assets have increased by 3.2% to £660,000. Cash reserves have taken a significant hit, falling 66% to £52,000, which could be a concern. Bank borrowings have also decreased, with overdrafts dropping 41%, which is a positive sign. Trade debtors have increased substantially, by 76%, which might indicate an expansion of credit terms or potentially delayed payments. Creditors have also risen, by 20%, which could be due to increased supplier costs. The company employs no staff, which is typical for a small entity.

The company’s financial statements are unaudited, as is common for small businesses exempt from an audit. The increase in debtors could be a sign of growth, but it’s important to monitor cash flow closely. The decrease in cash reserves, however, suggests that the company may be burning through money, or perhaps investing in future growth. The company's small size—meeting two of three criteria for a small company—allows for agility, but the financial data highlights the need for careful management.

Registered in England/Wales under the registration number 03718923, with a registered address at DY8 5YU, Stourbridge, West Midlands, Unit 2 Bridge Street, Wordsley.

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