Troika Systems Limited

Troika Systems Ltd from Highworth Swindon UK: a small holding company with an active status, established 28 years ago, employs 21 people, and holds £2,438,307 in assets. It has a real address, is overseen by three directors, and has one owner. The company regularly imports and exports optical and medical tools and devices, with 78 months of import activity and 123 months of export activity.

The company operates in the manufacture of electronic industrial process control equipment industries. Officially, it has one owner or PSCs, three directors, and twenty one employees. The registered address is SN6 7NS, Highworth Swindon, Wiltshire, 1 Blackworth Court, Blackworth Industrial Estate. Its status is active.

Troika Systems Ltd’s website is not available for analysis.

Financially, the company shows some concerning trends. Current assets decreased by 7.3% to £2,400,000, while net assets dropped 6.3% to £1,700,000. Bank borrowings fell by 50% to £180,000, and cash reserves plummeted 52% to £210,000. Creditors increased by 31% to £430,000, suggesting a need to manage debt. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the drop in equity raises questions. The company is exempt from audit as a small company, so the figures rely on unaudited statements.

The company’s significant decrease in cash reserves is a concern, and the increase in creditors suggests it might be burning through money. The decrease in bank borrowings is a positive sign, but it’s unclear whether it’s a temporary measure or a long-term strategy. The lack of an auditor mentioned is typical for small companies, but it means the financial statements haven’t been independently verified.

Registered in England/Wales under the registration number 03292855, with a registered address at SN6 7NS, Highworth Swindon, Wiltshire, 1 Blackworth Court, Blackworth Industrial Estate.

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