Appoly Ltd

Appoly Ltd, a small holding company based in Warwick, UK, has been active for seven years, employing 17 people and holding assets of £826,732. Founded in 2017, the company operates from a virtual address shared by 68 other businesses, managed by two directors and a single owner. It’s irregular importer of iron or steel products (2 months imported) and exporter of various textile products, sets, used clothing, and rags (1 months exported). The company operates in the business and domestic software development, the information technology consultancy activities industries.

The company’s website is not available, so it’s difficult to determine if it operates an e-commerce site. However, its business activities suggest it provides software development and IT consultancy services, likely targeting small to medium-sized businesses.

Financially, Appoly Ltd’s performance shows mixed signals. Accumulated depreciation has risen by 28%, likely due to investment in computer equipment, while bank borrowings have decreased by 3%, suggesting better debt management. However, cash reserves have fallen by 30%, and net current assets have plummeted by 58%, indicating a potential cash flow issue. Trade debtors have also decreased significantly by 81%, which could be a positive sign of improved collections, but it also suggests a reduction in sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp decline in equity raises concerns. The unaudited figures, with no auditor mentioned, rely on director-reported data.

The company’s reliance on a virtual address and fluctuating import/export activity suggests a flexible, possibly project-based business model. The decline in financial stability, however, warrants careful monitoring to ensure its long-term viability.

Registered in England/Wales under the registration number 10926149, with a registered address at CV35 0AE, England, Warwick, Warwickshire, The American Barns Banbury Road, Lighthorne.

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