Trans-european Satellite Services (tess) Limited

Trans European Satellite Services Tess Ltd from Bexhill-On-Sea UK: small company, active status, founded 25 years ago, 2 employees, £17,136 assets, virtual address, 3 directors, 1 owner. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £17,136. The company operates in the retail sale via mail order houses or via internet, the satellite telecommunications activities, the other telecommunications activities industries. Officially, it has one owner or PSCs, three directors, and two employees.

The business seems to focus on satellite telecommunications and related services, though the website is non-existent, making it difficult to assess its current online presence. It's unclear if they have an e-commerce component, but their industry suggests potential for online sales or service provision. The fact that they’re registered at an address shared by 254 other companies—a virtual address—raises questions about their physical operations and the legitimacy of their presence.

Financially, Trans European Satellite Services Tess Ltd presents a mixed picture. Current assets remain steady at £17,136, but net assets are significantly negative at -£64,000. Bank borrowings are also at -£150, which is concerning. Creditors have remained stable, suggesting they are managing their short-term debts reasonably well. The lack of employees—just two reported—points to a lean operation, but the negative equity and reliance on creditors indicate potential financial strain. The fact that they are exempt from an audit—a common occurrence for small companies—means the figures are unaudited, so caution is advised.

The company's long-standing presence (25 years) and three directors suggest a degree of experience and stability. However, the negative equity and lack of online presence could be signs of a business struggling to adapt to changing market conditions. It's likely that the company is facing some challenges, but whether it can turn things around remains to be seen.

Registered in England/Wales under the registration number 03956264, with a registered address at TN40 1HH, United Kingdom, Bexhill-On-Sea, East Sussex, 23 St Leonards Road.

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