True North Products Limited

True North Products Ltd, based in Leeds, UK, is a small, family-run business with an active status, having been founded 23 years ago. The company employs three people and holds £489,606 in assets. It has a real registered address and is overseen by three directors and two owners. True North Products operates as an irregular importer of optical and medical tools and devices (last import in May 2021) and an irregular exporter of plastics and plastic products (last export in September 2022).

The company’s website reveals a fascinating business model: it’s a global manufacturing partner, helping clients take their products "from concept to delivery." They offer engineering support and a world-class manufacturing service, boasting a 100% on-time delivery rate and a 20% margin exceeding quality targets. Notably, they have their own manufacturing facilities in the Czech Republic and China, specializing in various processes like laser cutting, CNC forming, and injection moulding. Their UK head office is located just outside Leeds, providing rapid access to the UK and beyond. The website also features testimonials praising their partnership approach and reliability.

Financially, True North Products Ltd presents a mixed picture. Current assets have decreased by 28% to £490,000, while net assets have fallen 18% to £490,000. Cash reserves have also dropped significantly, declining 10% to £310,000. However, creditors have seen a dramatic reduction of 85%, suggesting improved debt management. Trade debtors have also decreased substantially, falling 70%. 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 agility, but the decline in equity warrants attention. The unaudited financial statements, prepared by CCH Software, do not mention an auditor, likely due to the company’s exemption as a small business. It’s worth noting that the company's tax expense represents the sum of the tax currently payable and deferred tax.

Registered in England/Wales under the registration number 04389865, with a registered address at LS20 8FD, England, Leeds, West Yorkshire, 15 Springfield Court, Guiseley.

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