Tt Concrete Products Limited

Tt Concrete Products Limited, based in Witney, UK, is a small, active company established 21 years ago. Employing 26 people and holding £2,674,564 in assets, it operates from a virtual address – a point to note as 33 companies share the same location. With three directors and two owners, the company boasts a stellar 5.0 Google rating from 14 reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import operation recorded just one month ago.

The company’s website reveals it's a manufacturer of prestressed concrete flooring beams, serving the Midlands and South of England. It specializes in high-quality, molded beams in 150mm and 225mm heights, and offers a range of products including concrete beams, flooring, stairs, and thermal insulation solutions. The website also highlights services like estimating, design, and installation, catering to construction purposes industries.

Financially, Tt Concrete Products Limited presents a mixed picture. While cash bank on hand increased by a healthy 59% to £1.2 million, trade debtors decreased by 11% to £1 million. Creditors, however, increased by 14% to £1.3 million, and bank borrowings rose by 170% to £3,000. Net assets remained stable at £1.5 million. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in bank borrowings suggests a need for careful financial management. Accumulated depreciation on plant machinery has risen by 33%, which could indicate increased wear and tear or investment in new equipment. The company is exempt from an audit, so the financial data is unaudited.

Overall, Tt Concrete Products Limited appears to be a well-regarded manufacturer facing typical challenges for a small business. Its strong Google rating and diverse product range suggest a solid foundation, but the rising debt levels warrant close monitoring.

Registered in England/Wales under the registration number 04982091, with a registered address at OX28 6FF, England, Witney, Oxon, 4 Witan Way.

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