Trustack Limited

Trustack Ltd from Cramlington UK: a small, active company established six years ago, employs 54 people, and holds assets valued at £3,193,217. It boasts a real address, is overseen by seven directors, and notably, has no reported owners. A Google rating of 5.0 based on 15 reviews suggests strong customer satisfaction. The company is an irregular importer of machinery, boilers, and mechanical appliances, with just one month of imports recorded as of August 2021.

Trustack provides IT security and cloud hosting services, focusing on helping businesses build trust, boost productivity, and keep data safe. Their website showcases a range of services, including cyber security, disaster recovery, and unified communications. They also offer assessments like the Copilot Readiness Assessment, indicating a focus on emerging technologies. The company's website highlights client testimonials and partnerships with vendors like Arctic Wolf and Delinea. It appears they offer both fully managed and co-managed support options, catering to different client needs.

Financially, Trustack Ltd’s report presents a mixed picture. While bank borrowings decreased by 8.5% to £250,000, cash reserves increased significantly by 42% to £2,000,000, suggesting improved liquidity. However, net assets rose by 27% to £2,100,000, but the company’s creditors increased by 14% to £2,200,000. The average number of employees decreased by 7.3% to 51, which could be a result of restructuring or changing operational needs. Property, plant, and equipment decreased slightly by 2.3% to £590,000. 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 agility, but the increase in creditors warrants attention. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Trustack Ltd seems to be navigating a period of change, with a strong focus on service delivery and client relationships. The company’s financial health is stable, but the rise in creditors and slight decrease in employees may indicate challenges that need to be addressed.

Registered in England/Wales under the registration number 11624287, with a registered address at NE23 7RZ, United Kingdom, Cramlington, Cirrus House 1 Berrymoor Court, Northumberland Business Park.

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