7ate9 Ltd

7ate9 Ltd from Manchester UK: a small, active company founded four years ago, employs just one person, and holds £8,135 in assets. Operating from a virtual address, the company is led by a single director and owner, who also acts as the solo founder. It’s a compact operation, meeting two of three conditions to be classified as small – turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, Seven Ate Nine, appears to focus on retail sales via mail order and the internet. It's a fairly basic site, listing a range of products, but doesn’t give much detail about the business itself. It’s not immediately clear what the company specialises in, but the site suggests a general retail operation.

Financially, 7ate9 Ltd’s recent performance paints a mixed picture. Current assets have fallen significantly, dropping 61% to £8,100, while net assets also declined by 24% to £5,100. Cash on hand has plummeted a staggering 95%, leaving just £520. Trade creditors have decreased by 82%, which is a positive sign, but loans from directors have also fallen sharply – 89% – to just £1,700. It’s a small company, and the accounts are unaudited, so the numbers should be taken with a bit of caution.

The company's small size and lack of employees suggest a lean operation, but the decline in cash reserves and assets is something to watch. It's possible the company is reinvesting in its business, but it’s also possible it’s facing some financial headwinds. It's difficult to say for sure, but the numbers suggest a company that’s working hard to stay afloat.

Registered in England/Wales under the registration number 13020192, with a registered address at M1 2JQ, England, Manchester, 83 Ducie Street.

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