Tyche Store Limited

Tyche Store Ltd, based in London, UK, is a small, active company founded two years ago in November 2022. With eleven employees and £22,055 in assets, it operates as a family business with two directors and two owners. The company has a real registered address, but it's also a virtual address as 116 companies are registered there. It runs an e-commerce site and irregularly imports optical and medical tools and devices, with its last import operation recorded just one month ago in December 2023.

The business’s website, though currently unavailable, suggests a diverse range of activities, including non-specialised wholesale trade, retail sales via mail order and internet, freight transport by road, and other service activities. It's a bit confusing, but they seem to be covering all bases.

Financially, Tyche Store Ltd is facing some challenges. Current assets have dropped significantly, down 88% to just £22,000. Equity has also taken a hit, plummeting 240% to -£11,000. Cash reserves have fallen 69% to £14,000, and bank borrowings have vanished completely. Creditors, however, have increased by 120%, which might indicate they're relying on credit to keep things moving. The company meets the criteria for a small business – turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees – and, as a small company, it is exempt from an audit.

The sharp decline in assets and equity raises questions about the company’s financial health. While the e-commerce site and diverse business activities suggest potential, the financial data paints a picture of a company burning through cash. Whether this is a temporary setback or a longer-term trend remains to be seen, but it’s clear that Tyche Store Ltd needs to address these financial pressures to ensure its continued success.

Registered in England/Wales under the registration number 14476177, with a registered address at N17 9QU, United Kingdom, London, 60 Millmead Business Centre, Mill Mead Road.

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