Amd Plugs Ltd

Amd Plugs Ltd is a small, active company based in Bolton, UK, founded six years ago in March 2019. The company, with just one employee, operates in the retail sale via mail order houses or via internet industries. It has two directors and one owner, Naveed Abdullah, and holds a real registered address shared by three other companies. However, the company's accounts and confirmation statements are overdue for three years.

The business appears to be an e-commerce operation, though no website was provided for analysis. This suggests a focus on online sales, potentially through platforms like eBay or Amazon, or a smaller, independent online store. Without a website, it's impossible to assess the user experience, product range, or marketing efforts.

Financially, Amd Plugs Ltd presents a concerning picture. While the company is classified as small (meeting two of three conditions: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity sits at a negative -£2,200. Cash reserves are meager at just £1,300, and creditors are £3,500. Bank borrowings aren't reported, but the significant negative equity suggests the company is burning through cash. Trade debtors are not reported, so it is impossible to know if customers are paying on time. The company's creditors are £3,500, and its tax and social security payable is £730. The accounts are unaudited, and the company is exempt from an audit due to its small size.

The overdue accounts and confirmation statements, combined with the negative equity, raise serious questions about the company’s financial health. It’s possible the company is struggling to generate sufficient revenue to cover its expenses, or that it has incurred unexpected costs. The lack of employees could be a sign of a lean operation, but it also could indicate a lack of capacity to handle increased demand. It is important to note that the information is based on the provided financial data, and a more detailed analysis would be needed to fully understand the company’s situation.

Registered in England/Wales under the registration number 11855072, with a registered address at BL3 5JF, England, Bolton, 3 Westerton Court.

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