88 Elements Ltd

88 Elements Ltd is a small, active company based in London, UK, founded five years ago in 2019. It operates as a family business with two directors and owners, Azimov Abdurakhmon and Azimov Dorota Anna, and runs an e-commerce site specializing in networking, storage, and transceivers. The company’s registered address is a virtual one, shared by many other businesses, and it holds £136,337 in assets.

The website, 88 TECH, showcases a range of IT products, from Cisco Meraki access points to Intel network cards, targeting both retail and bulk customers. It emphasizes competitive pricing, customer testimonials, and a streamlined online shopping experience. The site also includes a WhatsApp number and email address for direct contact, highlighting a customer-centric approach. The site is well-designed and easy to navigate, with clear product categories and a secure payment gateway.

Financially, 88 Elements Ltd presents a mixed picture. While cash bank on hand has increased significantly by 630%, rising to £22,000, net assets have surged dramatically to £38,000—a 10,000% increase. However, finished goods decreased by 12%, dropping to £75,000, and trade debtors have risen to £48,000. Borrowings remain steady at £56,000, and other taxation and social security payable increased by 51% to £97,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant equity growth suggests a period of reinvestment or perhaps a one-off gain. There is no auditor mentioned, which is typical for small companies exempt from an audit.

Overall, 88 Elements Ltd appears to be financially healthy, with strong growth in net assets and increased cash reserves. However, the rise in trade debtors and social security payable warrants monitoring. It seems like they are doing well, and reinvesting into the business, but it’s important to keep an eye on those debts.

Registered in England/Wales under the registration number 11981410, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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