Tsi Workspace Ltd

Tsi Workspace Ltd, based in Brighton, UK, is a small, family-run business with an active status, having been founded 28 years ago. Employing five people and holding £706,189 in assets, it operates from a virtual address—a detail worth noting as 28 companies share the same location. The company boasts a perfect 5.0 Google rating from two reviews and is a regular importer of furniture, lighting, and prefabricated buildings, with 54 months of import activity recorded. It runs an e-commerce site and is led by two directors and three owners.

The company’s website, TSI Workspace, showcases a range of office furniture, including chairs, stools, sofas, and work booths. It positions itself as a provider of commercial office furniture solutions aimed at enhancing efficiency and employee wellbeing. The site highlights projects and offers a contact form, email address, and phone number for customer inquiries. It even has a blog with posts about creating offices people want to work in.

Financially, Tsi Workspace Ltd presents a mixed picture. Cash bank on hand increased by 3.7% to £580,000, while current assets grew slightly to £710,000. However, creditors increased by 12% to £510,000, and net assets liabilities rose by 46% to £81,000. Trade debtors also increased, suggesting a potential need to follow up on outstanding payments. The company meets two of the three conditions to be classified as small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and it is likely exempt from an audit. The company’s accounts are unaudited.

Overall, Tsi Workspace Ltd seems to be holding its own, but the increase in creditors and the slight dip in equity suggest it’s not burning through cash. The family-run nature and focus on employee wellbeing could be key to its long-term success, but keeping a close eye on its financial health will be important.

Registered in England/Wales under the registration number 03213375, with a registered address at BN1 6SB, United Kingdom, Brighton, East Sussex, 2nd Floor Stanford Gate, South Road.

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