Turnkey Computer Technology Limited

Turnkey Computer Technology Ltd from Glasgow UK: a small holding company with an active status, was founded 44 years ago in 1980. The company employs 50 people and holds £3,875,342 in assets, with a real address registered in Clarkston. Two directors and two owners manage the business, which currently boasts a Google rating of 4.0 based on four reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with the last import activity occurring one month ago in December 2022.

The company operates in the information technology consultancy activities industries. Its website is currently unavailable, so it’s difficult to determine if it engages in e-commerce. However, its status as a holding company suggests it may have other investments or subsidiaries.

Financially, Turnkey Computer Technology Ltd’s recent performance presents a mixed picture. While fixed assets increased by 24%, current assets declined by 55% to £3,900,000. Cash bank on hand plummeted 70% to £1,100,000, and net current assets liabilities increased by 25% to -£4,300,000. Creditors decreased by 34%, which is a positive sign, but the sharp drop in cash reserves and the increase in net current liabilities indicate potential liquidity concerns. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and 50 employees. The auditor, Gerber Landa & Gee, reported in March 2025, and the accounts are unaudited.

The significant increase in intangible assets, up 29%, suggests investment in technology or intellectual property. However, the substantial decrease in cash reserves and the rise in net liabilities suggest the company is burning through money, potentially indicating a startup phase or a period of rapid expansion. It’s possible the company is relying on credit or external funding to maintain operations. The increase in deferred tax liabilities may be a consequence of changes in tax legislation or accounting practices.

Registered in Scotland under the registration number SC072426, with a registered address at G76 9HW, Glasgow, Thornton Lodge East Kilbride Road, Clarkston.

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