Trutel Limited

Trutel Ltd from Leicestershire UK: a small, active company established 39 years ago, employs 24 people, and holds £6,655,541 in assets. Operating from a virtual address, it’s managed by four directors and one owner. The company regularly imports clothing and accessories made by knitting or crocheting—a consistent pattern over the last 52 months.

Trutel Limited is a design-driven software company, focusing on customer satisfaction. It began as three individuals sharing frustrations with existing IT products, eventually leading to the creation of Bonobosity and the founding of Turtle Solutions. The company’s website highlights a range of software solutions, including an online learning platform, human capital management tools, and retail ERP systems. It also has a games division. The company’s website even shows a history of the founders, with a love for technology, coffee, and Star Wars.

Financially, Trutel Ltd presents a mixed picture. Current assets have fallen by 54%, dropping to £6,700,000, while net assets have declined by 8.5%, settling at £750,000. Bank borrowings have been significantly reduced, falling by 50% to £370,000, which is a positive sign. However, trade debtors have also decreased considerably, falling by 55% to £640,000. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the decline in equity raises some questions. There’s no mention of an auditor, likely due to its status as a small company.

The company’s financials suggest it’s facing some pressures, though it’s managing its debts. It’s a small company, but it has a long history and a diverse range of products and services.

Registered in England/Wales under the registration number 01938347, with a registered address at LE3 5GF, Leicestershire, 50 Woodgate, Leicester.

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