Addax London Ltd

Addax London Ltd, based in London, UK, is a small, active company founded five years ago in 2019. With 14 employees and £583,292 in assets, it operates from a real address and is led by three directors and one owner, boasting a respectable Google rating of 4.0 from 67 reviews. The company regularly imports clothing and accessories (excluding knitted or crocheted items), with 164 months of import activity recorded.

Addax London Ltd’s website showcases a wide range of women’s clothing, from cardigans and sweaters to trousers and dresses, all available for online shopping. The site is well-designed and easy to navigate, with clear product categories and attractive visuals. It also features a blog with style tips and seasonal promotions, suggesting a focus on engaging with customers and building a brand identity. The site seems to be an e-commerce platform, with no physical store presence indicated.

Financially, Addax London Ltd presents a mixed picture. Cash reserves have impressively increased by 340%, reaching £140,000, a positive sign of improved liquidity. However, net losses deepened, and creditors increased significantly. Trade debtors also rose considerably, which could indicate challenges in collecting payments from customers. 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 flexibility, but the increase in debt warrants attention. The accounts are unaudited, which is common for small companies.

Overall, Addax London Ltd appears to be a growing e-commerce business with a solid online presence, but it’s important to monitor its debt levels and ensure sustainable growth. The company’s ability to manage its finances effectively will be key to its long-term success.

Registered in England/Wales under the registration number 11969355, with a registered address at E17 7JR, England, London, Walthamstow, 45 Selborne Walk, Unit 9-10, 17 & Central.

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