Algobit Ltd

Algobit Ltd is a small, active company from Edgware, UK, founded two years ago in September 2022. It’s a solo venture, run by a single director and owner, with just one employee and £2,184 in assets. The company operates from a real address and has a straightforward setup.

The business appears to be multifaceted, engaging in retail sales via mail order and internet, alongside software development and IT consultancy. Its website showcases a range of products, including retinol cream, cholesterol test strips, and mascara—all available for purchase. The site also includes a Google Sites report abuse disclaimer and uses cookies for analytics, which is standard practice. It seems like Algobit is trying to diversify its income streams.

Financially, Algobit Ltd shows some positive trends. Cash bank on hand increased by 49% to £2,200, and current assets saw a similar rise. Equity also increased by 49% to £2,200. However, the company’s net assets and liabilities remain at the same level. The business is classified as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. There’s no mention of an auditor, which is typical for small companies exempt from an audit. The accounts are described as unaudited statutory accounts.

Overall, Algobit Ltd seems to be in a stable position, with increasing cash reserves and assets. While the company is burning through money, it's not a huge amount, and the diverse revenue streams suggest a resilient business model. The lack of employees and reliance on the director's expertise are both strengths and potential vulnerabilities.

Registered in England/Wales under the registration number 14374302, with a registered address at HA8 0NL, United Kingdom, Edgware, 180 Watling Avenue.

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