Arches Limited

Arches Limited is a small, active company based in London, UK, founded five years ago in 2019. It employs just one person and holds £77,883 in assets, operating from a virtual address shared by many other businesses. The company is run by three directors and has one owner, Chen Yu-chih Eugene, who is also the solo founder. Arches Limited regularly imports electrical machinery and equipment, with a history of seven months of import activity.

The company’s core business involves the wholesale of computers, computer peripheral equipment, and software. While it doesn’s have a dedicated website, its activities suggest an e-commerce focus, likely selling wholesale products to businesses rather than directly to consumers. The business operates in a competitive market, and its small size—meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees)—allows for agility.

Financially, Arches Limited’s recent performance presents a mixed picture. Current assets have fallen by 27% to £78,000, while net assets have dropped significantly, reaching -£71,000. Cash reserves have also declined, although bank borrowings have increased. Trade debtors have risen dramatically, suggesting potential issues with customer payments, while creditors have decreased slightly. The company’s retained earnings and accumulated losses are a concern, and other taxation and social security payable have increased substantially. It’s important to note that the accounts are unaudited, and the company is exempt from an audit as a small company.

The significant drop in equity and the increase in debt suggest that Arches Limited is burning through cash, although it’s difficult to determine the exact cause without more information. The company’s reliance on a virtual address and its small size could also indicate operational challenges. Despite these concerns, the company’s ongoing import activity and its presence in the wholesale sector suggest that it’s still actively pursuing business opportunities.

Registered in England/Wales under the registration number 12173870, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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