Twinmar Tech Limited

Twinmar Tech Ltd from Hemel Hempstead UK: small company, holding company, active status, founded 51 years ago, 46 employees, £10,430,752 assets, virtual address, 3 directors, 1 owner, google rating 4.0 based on 18 reviews. Regular importer of footwear and related items (210 months imported). Irregular exporter of footwear and related items (2 months exported). Twinmar Tech Ltd operates as a holding company, overseeing a portfolio of businesses focused on footwear and related items. Incorporated in 1973, the company has a long history, employing 46 people and holding significant assets – £10,430,752. It’s registered at a virtual address, a point to note, and managed by three directors and a single owner. Its Google rating of 4.0 from 18 reviews suggests generally positive customer perception. The company regularly imports footwear and related items, with 210 months of import activity recorded, the latest in January 2025. Export activity is more sporadic, with just two months of recorded exports, the last in November 2024.

The company’s website is not available, making it difficult to determine the specifics of its operations. However, the available data suggests a focus on retail sale via mail order houses or via internet industries. It's likely they operate an e-commerce platform or work with distributors to sell their products.

Financially, Twinmar Tech Ltd presents a mixed picture. While current assets have increased by a healthy 11% to £10 million, net assets have fallen by 11% to £14 million. Bank borrowings have decreased by 10%, and cash reserves have plummeted 63% to £1.4 million. Creditors have increased by 9%, suggesting a reliance on trade credit. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, and the auditor is Lopian Gross Barnett & Co. The company’s financial statements show a decline in equity, which could be attributed to increased operating expenses, such as distribution costs, which have risen by 25%. The company’s net loss deepened by 28%, which is a concern.

Despite these challenges, Twinmar Tech Ltd's long history and established import network suggest resilience. The company's holding structure indicates a potential for diversification or strategic acquisitions, but the sharp drop in cash reserves requires careful management.

Registered in England/Wales under the registration number 01115756, with a registered address at HP2 7DX, United Kingdom, Hemel Hempstead, Hertfordshire, 14 Maxted Road.

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