TTC COMMERCIAL SERVICES LIMITED
Company number 04819897 · Monitor this company
Executive summary
TTC Commercial Services Limited presents a mixed credit profile. While the 20-year-old business maintains positive net assets (£344K) and adequate working capital (£217K), the financial trajectory is deeply concerning with a 69% decline in net assets from their 2018 peak, a material accounting restatement of £501K reducing previously reported profits, and consistently declining cash balances. The subsidiary status under TTC Group (UK) Limited provides potential parent support but also limits autonomy. A conditional approval is warranted, requiring satisfactory explanation for the equity erosion, parent company guarantee, and appropriate financial covenants to protect against further balance sheet deterioration.
Shareholders' funds
£343,757
Balance sheet as at 2020-02-29
Overview
- Company type
- Private Limited Company
- Incorporated
- 2003-07-03
- Employees
- 44 (2020 accounts)
- Registered office
- Ttc Group, Hadley Park, Telford, Shropshire, United Kingdom, TF1 6QJ
- Postcode
- TF1 6QJ
- Capital
- 100 GBP
- Accounts category
- Small
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-07-03
- Next due by
- 2027-07-17
Nature of business (SIC)
- 80300 Investigation activities
Officers 5 current · 6 resigned
Group structure
Controlled by TTC GROUP (UK) LIMITED — since 2020-03-09
From persons-with-significant-control filings on the public register.
Contact details
- Website
- licencebureau.co.uk
Complete range of driver and fleet risk management services including driving licence checking, fleet audits, grey fleet management, CPC training and more.
Previous company names
| Name | Date changed |
|---|---|
| LICENCE BUREAU LIMITED | 2024-04-25 |
Previous registered addresses 2
| Address | Changed on |
|---|---|
| 5 AMBERSIDE HOUSE WOOD LANE, PARADISE INDUSTRIAL ESTATE, HEMEL HEMPSTEAD, HERTFORDSHIRE, HP2 4TP | 2020-03-12 |
| 125-129 HIGH STREET, EDGWARE, MIDDLESEX, HA8 7DB | 2008-02-08 |
Among its peers
Top 25%
by shareholders' funds, of 26 similar companies in TF — measured against the wider sector
2nd largest employer among its local peers (44 staff).
3rd oldest of its local peers, trading since 2003.
The class of 2003
38%
of the 163,090 companies incorporated in 2003 are still active today; 59% have since been dissolved.
A fact about the year, not a forecast for this company.