Accted Limited

Accted Ltd from Chester, UK, is a small holding company with an active status, established eleven years ago in 2013. The company employs six people and holds £198,268 in assets, operating from a virtual address shared by seventeen other companies. It has two directors and one owner, and functions as an irregular importer of machinery, boilers, and mechanical appliances, with just one month of imports recorded as of October 2022. The company operates in the management consultancy activities other than financial management industries.

The company’s website is non-existent, which makes it difficult to ascertain the exact nature of their operations beyond the information provided in the report. Without a website, it’s impossible to determine if they engage in e-commerce or provide services directly.

Financially, Accted Ltd presents a concerning picture. While the company is small, meeting two of three criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the numbers suggest a company burning through cash. Current assets have fallen significantly by 57%, dropping to £200,000, while net assets have plummeted an even more dramatic 76%, settling at just £40,000. Cash bank on hand has increased by a staggering 1000%, reaching £27,000, which could be a one-off event or a sign of temporary relief. Creditors have decreased by 37%, which is a positive sign, but the sharp decline in equity is worrying. Bank borrowings have increased by 1700%, reaching £82,000, which could be a result of the company trying to manage its cash flow. The company’s trade debtors have also decreased significantly, by 62%, which could be a sign of improved collection efforts, or a reduction in sales.

The company’s lack of an auditor (likely exempt as a small company) means the figures rely on unaudited statements. The sharp decline in equity and the increased borrowings suggest the company is facing financial pressures. The fact that the company operates from a virtual address shared by many other companies is also a red flag, as it could indicate a lack of substance or a higher risk of fraud.

Registered in England/Wales under the registration number 08594494, with a registered address at CH1 2DS, Chester, Military House, 24 Castle Street.

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