Tyne Electro Diesel Limited

Tyne Electro Diesel Ltd from Newcastle Upon Tyne UK: a small holding company with an active status, was founded 34 years ago. Employing 14 people and holding £966,138 in assets, the company operates from a real address and is overseen by four directors and one owner. It’s a regular importer of machinery, boilers, and mechanical appliances; parts, with 41 months of import activity, and a regular exporter of the same, with 5 months of export activity.

The company’s core business revolves around the repair and maintenance of other transport equipment, a niche that positions it within the industrial sector. While no website is available to examine, the company's activities suggest a focus on B2B rather than direct-to-consumer sales.

Financially, Tyne Electro Diesel Ltd presents a mixed picture. While net assets increased by a substantial 34%, reaching £960,000, other key indicators show volatility. Bank borrowings decreased significantly by 91%, to just £60,000, and cash reserves rose by 71%, to £430. However, trade debtors decreased by 26%, and net losses deepened, suggesting potential issues with customer payments or increased operating costs. Creditors also decreased by 35%, which could indicate improved debt management. The company qualifies as a small entity, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

The company’s financial data suggests a period of adjustment. While the increase in net assets is positive, the decrease in trade debtors and increased net losses warrant closer monitoring. The reduction in bank borrowings is a positive sign, but the company will need to maintain a healthy cash flow to navigate any future challenges.

Registered in England/Wales under the registration number 02518471, with a registered address at NE6 4LT, United Kingdom, Newcastle Upon Tyne, Unit 1 Fisher Street, Walker Riverside.

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