Truedeal Ltd

Truedeal Ltd from Finchley UK: a small company with an active status, was founded 24 years ago, employs just one person, and holds £3,612 in assets. Operating from a virtual address, the company is managed by two directors and owned by a solo founder. It’s a regular importer of meat, fish, and seafood preparations, having imported for 8 months, with the last operation occurring in November 2024. The company operates in the non-specialised wholesale trade industries.

The company’s website, TBS LTD Mechanical Services Engineering Contractors, focuses on mechanical services engineering and contracting within the construction industry. It provides a valued and professional service to both public and private clients and main contractors, leveraging 40 years of experience. The company offers integrated services, sub-contract work, and turnkey construction projects, primarily serving clients across Scotland and Northern England. Recent news highlights completed contracts at Glasgow Royal Infirmary, Glasgow Dental Hospital, and St. Aloysius College, demonstrating a focus on quality and client satisfaction. The company is located in Glasgow and contact details are provided, but the address is probably virtual as sixty four companies registered at the same address.

Financially, Truedeal Ltd’s recent performance shows some concerning trends. Cash bank on hand decreased by 10% to £3,300, and current assets plummeted 75% to just £3,600. Trade debtors have also seen a dramatic decline, dropping 97% to a mere £340. While creditors have decreased by 33%, this doesn’t entirely offset the negative impact of falling assets and cash reserves. The company’s equity remains unchanged at -£18,000, which is a bit worrying. 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 sharp decline in assets suggests potential financial pressure. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 04194183, with a registered address at N3 1RY, England, Finchley, London, 39 Hendon Lane.

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