Ace Up Ltd

Ace Up Ltd is a small, active company based in Chichester, UK, founded four years ago in June 2020. It holds £44,654 in assets and operates from a virtual address shared by eighty-two other companies, a bit unusual. The company is run by two directors and two owners, though the owner list might not be exhaustive. Ace Up Ltd specializes in importing clothing and accessories made by knitting or crocheting, with six months of import activity recorded, the last operation occurring in December 2021. It operates in the retail sale of clothing, both in specialized stores and online.

The company's website is not available for review, so it's difficult to determine the extent of its e-commerce presence. However, the business description suggests a focus on retail sales, likely through online channels.

Financially, Ace Up Ltd presents a mixed picture. While cash reserves increased dramatically by 530% to £45,000, current assets decreased by 47% to £45,000. The company’s equity has also decreased, now at -£210,000. Trade debtors have vanished completely, which is interesting. Creditors have remained stable, and the company has seen a significant increase in social security payments. Being a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s exempt from an audit, so the figures are unaudited. The company’s significant losses and reliance on debt suggest it’s burning through cash, but the increased cash reserves may indicate a recent injection of funds. The lack of employees (zero reported) hints at a lean operation.

Registered in England/Wales under the registration number 12676860, with a registered address at PO19 7LT, England, Chichester, West Sussex, C/O Evans Weir The Victoria, 25 St Pancras.

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