Tractive Power Limited

Tractive Power Ltd, based in Leek, UK, is a small, active company founded 17 years ago. With eight employees and £180,654 in assets, it operates from a real address and is managed by two directors and a single owner. The company regularly imports electrical machinery and equipment (for 13 months) and exports vehicles, parts, and accessories (not for trains or trams) for 30 months.

The company’s website highlights its expertise in designing and manufacturing battery-powered electric tugs and pedestrian handling equipment. It caters to a range of industries, including automotive, logistics, general textiles, construction, paper, railways, and aerospace, offering solutions for moving heavy loads safely. The website features a product finder, case studies, and testimonials, emphasizing its industry-leading solutions and UK-based manufacturing with a two-year warranty. It also has a newsletter sign-up and useful links section.

Financially, Tractive Power Ltd presents a mixed picture. Current assets have decreased by 26% to £180,000, while net assets have fallen 35% to £68,000. Bank borrowings have significantly increased by 290% to £33,000, and cash reserves have risen 37% to £49,000. Creditors have also increased by 47% to £96,000. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the decline in equity warrants attention. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The surge in bank borrowings could indicate investments in equipment or expansion, while the increase in creditors suggests a reliance on trade credit. The company’s focus on specialized equipment and its strong online presence suggest a niche market strategy, but the financial data suggests it’s working hard to maintain its position.

Registered in England/Wales under the registration number 06467773, with a registered address at ST13 6BL, England, Leek, Cherry Tree Court, Cross Street.

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