Transact Technology Solutions Ltd

Transact Technology Solutions Ltd, based in St. Albans, UK, is a sizable holding company with an active status, having been established fifteen years ago in 2010. Employing forty-one people and boasting assets of £6,029,771, the company operates from a real address and is managed by two directors and one owner. A key aspect of their operations is an e-commerce site, alongside regular import and export activities focused on electrical machinery and equipment—nineteen months of imports and eighty months of exports recorded.

The company provides cloud services, workspace technology, and professional services, working with global clients to drive business change through advising, designing, implementing, and supporting transformative technologies. They have a dedicated IT infrastructure team and operate an online e-procurement portal for streamlined purchasing. Case studies highlight their work in cloud migration, data analytics, and infrastructure upgrades for various clients, including Lexhag Visual Effects and Ted Baker. Customer testimonials emphasize the company's expertise and the benefits clients have experienced, such as cost optimization and improved data management.

Financially, Transact Technology Solutions Ltd shows a mixed picture. Current assets decreased by 13% to £6,000,000, while net assets dropped 48% to -£850,000. Bank borrowings decreased by 42% to £170,000, and cash reserves increased significantly by 280% to £240,000. Staff costs decreased by 26%, and net losses increased by 20% to -£790,000. The company's turnover is substantial, meeting the criteria for a large company—more than £36 million—and its significant assets indicate a stable, albeit challenging, financial position. The lack of an auditor mentioned suggests the company is exempt from mandatory auditing. The surge in bank borrowings, despite the increased cash reserves, could indicate investments in growth or a need to manage short-term liabilities. The decrease in net assets, however, raises questions about long-term profitability and equity erosion.

Registered in England/Wales under the registration number 07135424, with a registered address at AL3 6EN, England, St. Albans, Unit 14 St Albans Enterprise Centre, Porters Wood.

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