Transmission Developments Co (gb) Limited

Transmission Developments Co (gb) Limited, based in Poole, UK, is a well-established company with a 40-year history, currently employing 88 people and holding assets worth £11.5 million. The company, which is active, generates £10.6 million in revenue annually. It’s a family-run business operating from a real address, managed by four directors and two owners. The company’s strength lies in its e-commerce site and a stellar 5.0 Google rating based on five reviews. Transmission Developments is a regular importer and exporter of machinery, boilers, and mechanical appliances, parts, with 613 months of import activity and 325 months of export activity recorded.

The company is considered a large business, meeting two out of three conditions: turnover exceeding £36 million and a balance sheet total exceeding £18 million, alongside having more than 250 employees. While the company has been around for a while, it’s showing some concerning trends in its financial health. Accrued income has increased to £13,000, while accrued liabilities have significantly decreased to £150,000—a reduction of 64%. The company’s cash bank on hand has seen a positive jump to £4 million, a 56% increase. However, administrative expenses have risen by 5.9% to £3 million.

Despite these shifts, the company’s net assets have increased by 7.5% to £11 million, indicating a strengthening financial position. However, the company’s director remuneration has decreased by 25% to £290,000. The company's tax rate has also increased to 25%. The company’s auditor, MGI Midgley Snelling LLP, has reported that the financial statements give a true and fair view. While the company is doing okay, the decrease in director remuneration and increase in tax rate are worth keeping an eye on.

Registered in England/Wales under the registration number 01888295, with a registered address at BH15 4HF, Poole, Dorset, Dawkins Road, Hamworthy.

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