Tutor Teach Ltd

Tutor Teach Ltd, based in Ilford, UK, is a small, active company founded four years ago in 2020. With just one employee and £5,445 in assets, it's a solo venture led by a single director and owner. The company operates in both retail sales via mail order and internet, and also provides other education services. It’s a tight-knit operation with a real registered address and a director listed.

The company’s website details a focus on tutoring and educational resources, though it’s not clear if this is directly linked to the retail sales mentioned in the company description. The site appears to be a basic informational page, lacking the robust e-commerce features one might expect. It’s difficult to tell if the company actively uses the site for sales or if it primarily serves as a marketing tool.

Financially, Tutor Teach Ltd’s numbers paint a mixed picture. Current assets have fallen significantly, dropping 42% to just £5,400. Net assets have also declined sharply, falling 66% to -£34,000. Cash on hand has decreased by 4.2%, sitting at £1,000. Trade debtors have plummeted 81%, suggesting a reduction in outstanding payments, but creditors have risen 33%, indicating an increase in short-term liabilities. Loans from directors have also increased by 31%, reaching £39,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

The substantial losses and declining cash reserves suggest Tutor Teach Ltd is burning through money. The increase in loans from directors could be a sign of the owner injecting personal funds to keep the business afloat. It’s possible the company is still in its early stages, and these challenges are typical for startups. However, the lack of employee growth and the reliance on director loans raise concerns about its long-term viability.

Registered in England/Wales under the registration number 12958176, with a registered address at IG1 1BF, England, Ilford, B19 Balfour Business Centre, 390-392 High Road.

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