Tricore Limited

Tricore Limited, based in Kinellar, UK, is a small, active company established 37 years ago. With five employees and £1,085,990 in assets, it’s a well-established player in its niche. The company boasts two directors and three owners, and its registered address is a real one, with only one other company registered there. Tricore is a regular importer, specializing in basic metal tools and utensils, with 7 months of import activity recorded.

The company’s website reveals a focus on the drilling industry, providing refurbishment services for roller cone drill bits. Tricore was founded in 1987 to serve the global Oil and Gas industry, Land Drilling, Water Wells, Construction, and Mining sectors. It offers refurbishment, rental services for large diameter drill bits, and has expanded into a new complex allowing for more efficient service. The company’s Blackburn Industrial Estate facility is equipped for storage, service, and refurbishment, currently the largest bit refurbishment and maintenance facility in the UK.

Financially, Tricore Limited presents a mixed picture. While cash reserves increased by a healthy 37% to £510,000, current assets remained constant at £1,100,000. Trade debtors decreased significantly by 40% to £130,000, which could indicate improved collection efforts, but also potentially reduced sales. Bank borrowings are down by 24% to £29,000, and creditors decreased by 34% to £49,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in trade debtors is something to keep an eye on. The company is exempt from an audit as a small company.

Registered in Scotland under the registration number SC104854, with a registered address at AB21 0RX, Kinellar, Aberdeen, Woodburn Road, Blackburn Industrial Estate.

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