888 Enterprise Limited

888 Enterprise Limited, based in Billingham, UK, is a small, active company founded four years ago. Despite a real address and a single director and owner, the business is currently facing some financial hurdles, with accounts overdue by 23 days and confirmation overdue by two months. The company employs six people and holds £566,008 in assets. It operates as a regular importer of electrical machinery and equipment, having imported for 12 months, with the last import occurring in October 2023. However, its export activity is irregular, with just one month of export activity recorded in April 2023. The company operates in the other telecommunications activities industries.

The company’s website highlights a focus on device trade-ins and handset refurbishment, offering full handset and LCD refurbishment services, alongside repairs, insurance solutions, and warranty options. It also caters to business clients with solutions for device management, asset tracking, and recovery. The site’s layout suggests a B2B focus, with dedicated sections for trade accounts and a clear call to action for businesses to contact them. The website also has a grading policy and a mission statement, which are both on the "About Us" tab.

Financially, 888 Enterprise Limited’s numbers paint a mixed picture. Current assets have decreased slightly, falling by 2.4% to £570,000. However, net assets have taken a more significant hit, plummeting 22% to £460,000. Bank cash has increased by 100%, rising to £13,000, but creditors have surged by a staggering 780%, reaching £130,000. Trade debtors have also decreased, falling by 7%, to £520,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial increase in creditors suggests the company may be relying on credit to maintain operations. As a small company, it is exempt from an audit, and the figures are unaudited.

In conclusion, 888 Enterprise Limited seems to be navigating a period of financial strain. While the device refurbishment and trade-in services appear to be active, the company's increased reliance on credit and declining net assets raise concerns about its long-term financial health. It’s a bit of a tightrope walk, really.

Registered in England/Wales under the registration number 13161046, with a registered address at TS23 1QG, England, Billingham, 336 The Cube Haverton Hill Road.

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