Towmate Trailers Ltd

Towmate Trailers Ltd from Colchester UK: a small company with an active status, was founded seven years ago in 2017. Employing eleven people, the company holds £3,676,964 in assets and has a real address. With two directors but no owners reported, it maintains a perfect 5.0 Google rating based on six reviews. The company regularly imports electrical machinery and equipment, with six months of import activity recorded, and occasionally exports vehicles, parts, and accessories—just one month of export activity as of November 2024.

Towmate Trailers Ltd operates in the other manufacturing n.e.c. industries. The company’s website is not available, which means that the business doesn't seem to be operating an e-commerce site. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financially, Towmate Trailers Ltd shows some interesting trends. Cash bank on hand has increased dramatically, up 300% to £2.2 million. However, net assets have also increased significantly, up 100% to £2.3 million. Trade creditors have risen by 41%, reaching £880,000, which might indicate increased purchasing to meet demand. Net deferred tax liability has increased by 960%, reaching £54,000. Bank borrowings have decreased by 48%, reaching £44,000. The company's retained earnings have increased by 100%, reaching £2.3 million.

The company’s financial statements are unaudited, likely due to its small size. The increase in cash and net assets suggests a period of growth, but the rise in trade creditors warrants monitoring. The absence of an auditor is common for small companies, but it’s important to note that the figures are not independently verified. The company’s two directors, Bradshaw Kevin and Bradshaw Stephen, have been in place for two years.

Registered in England/Wales under the registration number 10874424, with a registered address at CO2 8WA, United Kingdom, Colchester, Essex, Whitehall Road.

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