Tymphany Acoustic Technology (uk) Limited

Tymphany Acoustic Technology Uk Ltd, based in Cardiff, UK, is a small, active company founded eight years ago. With 22 employees and £909,329 in assets, it operates from a virtual address – a detail flagged by nineteen other companies registered at the same location. The company is led by one director, with no owners reported, and enjoys a perfect 5.0 Google rating based on a single review. It’s a regular importer of electrical machinery and equipment, with activity recorded over the last four months.

The company’s website is unavailable, making it difficult to ascertain its precise operations beyond the provided data. However, the company is described as operating in the wholesale of other machinery and equipment, and other engineering activities. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Tymphany Acoustic Technology Uk Ltd presents a mixed picture. While cash reserves increased significantly by 110% to £250,000, current assets experienced a sharp decline of 62% to £340,000. Trade debtors also took a hit, dropping 88% to £91,000. On the positive side, creditors decreased by 25% to £250,000, suggesting improved debt management. Bank borrowings have also increased by 100% to £14,000. The company's net assets have increased by 16% to £1,100,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. The company’s financial statements have been prepared in accordance with FRS 102.

The significant drop in current assets and the increase in bank borrowings could indicate a period of increased spending or investment, although it’s also possible that the company is facing cash flow challenges. The increase in cash reserves is a positive sign, suggesting the company has some financial buffer. The company's small size and virtual address may offer flexibility, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 10574038, with a registered address at CF23 8AB, United Kingdom, Cardiff, C/O Azets, Ty Derw Lime Tree Court, Cardiff Gate Business Park.

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