Tronics Limited

Tronics Limited, based in Dudley, UK, is a small, active company founded six years ago in 2018. With a single employee and £51,854 in assets, it’s a solo founder operation managed by one director and owner. The business operates in the retail sale of food, beverages, or tobacco, as well as via mail order and internet, a sector that’s proving competitive. The registered address is real, with only two companies registered there, suggesting a legitimate presence.

The company’s website, while not provided, likely reflects this retail focus, possibly with an e-commerce platform. Given the industry, it’s probable that Tronics Limited caters to local customers or operates a niche online store. The solo founder model indicates a lean operation, focused on efficiency and direct customer interaction.

Financially, Tronics Limited presents a mixed picture. Cash bank on hand dropped by 18% to £17,000, while creditors increased significantly by 170%, reaching £40,000 after one year. Bank borrowings remained steady at £40,000, and net current assets liabilities rose by 97% to £51,000. Despite these challenges, current assets increased by 75% to £52,000, and trade creditors decreased by 68%. 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 increase in creditors and decrease in cash reserves suggest it’s managing its finances carefully. No auditor is mentioned, which is common for small companies.

The financial data indicates that Tronics Limited is experiencing growth, but it's also burning through cash. The increase in creditors suggests it’s relying on short-term financing to fund its operations, and the decrease in cash reserves indicates it’s not generating enough profit to cover its expenses. The company’s solo founder model may be contributing to these challenges, as it places a heavy burden on the owner to manage all aspects of the business. However, the increase in current assets suggests that the company is still attracting customers and generating sales.

Registered in England/Wales under the registration number 11490377, with a registered address at DY3 3QY, England, Dudley, 4a Alderwood Precinct.

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