Access Banx Ltd

Access Banx Ltd is a small, active company registered in Stoke-On-Trent, UK, founded seven years ago. It’s a limited company with a real registered address and a single director and owner, Malik Nadeem. The company operates in the retail sale via mail order houses or via internet industries. While it’s been around for a while, Access Banx Ltd is currently facing some financial challenges.

The company’s current assets have fallen by 20%, dropping to £92,000. More significantly, net assets have plummeted by a staggering 480%, ending at a negative £67,000. This suggests a substantial loss of equity. Bank borrowings have increased, and cash reserves have also decreased. Creditors have also risen, which could be a sign of increased short-term debt. It’s worth noting that the company is exempt from an audit, so the figures are unaudited.

Despite these challenges, Access Banx Ltd meets the criteria for a small company—with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. This size allows for flexibility, but the significant equity decline raises concerns. The company’s website, while not extensively detailed, highlights a focus on self-invested pensions, with a secure portal for clients and advisers. It's a bit confusing, but the company seems to be transitioning or expanding into the financial services sector. The acquisition by Nucleus, announced on the website, could be a positive development, bringing in new resources and expertise, but it’s too early to tell how it will impact the company's long-term stability.

Registered in England/Wales under the registration number 10789707, with a registered address at ST6 1HN, England, Stoke-On-Trent, 72 Wade Street.

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