T P Engineering Limited

Tp Engineering Ltd, based in Stoke On Trent, UK, is a small, active company established 23 years ago. Despite a solid 5.0 Google rating from two reviews, the business is facing some financial headwinds, with accounts overdue for four years and confirmation statements outstanding for three. The company employs 36 people and holds £2,172,906 in assets, operating from a real address and managed by a single director and owner. It’s a regular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams), with 22 months of import activity recorded.

The company’s website is non-existent, so it’s difficult to determine the exact nature of its operations beyond what's provided in the report. However, the report indicates the company operates in the manufacture of other parts and accessories for motor vehicles industries.

Looking at the financials, Tp Engineering Ltd is showing concerning trends. Accumulated depreciation has increased by 18%, and bank borrowings have jumped significantly, reaching £5,100. Cash reserves have plummeted by 81%, dropping to a mere £38,000. While trade debtors have decreased by 31%, creditors have increased by 12%, and net assets have fallen by 25%. The company's small size (meeting two of three conditions for being a small company) helps it remain flexible, but the sharp decline in equity is a cause for concern. It's worth noting that the company's net current assets have also decreased by 35%. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, Tp Engineering Ltd appears to be facing financial challenges. While it maintains a positive customer rating and continues to import goods, the declining asset values and increasing debt suggest the company is burning through money. The lack of information on the company’s website makes it difficult to assess the full picture, but the financial data paints a worrying trend.

Registered in England/Wales under the registration number 04404706, with a registered address at ST4 2LW, England, Stoke On Trent, Staffordshire, Trent House, 234 Victoria Road.

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