Artdriver Ltd

Artdriver Ltd from London UK: a small, active company founded 15 years ago, employs two people, and holds £326,084 in assets. It operates from a virtual address, is overseen by two directors, and curiously, has no registered owners. Its Google rating is a perfect 5.0 based on just one review. The company regularly imports clothing and accessories made by knitting or crocheting, with eight months of import activity recorded.

The company’s website, aZengear, focuses on “sustainable products for healthy and happy lifestyles.” It’s a fully-fledged e-commerce platform selling camping gear, compression gear, and body gear. The site highlights free delivery and 30-day returns, and features customer testimonials praising its products, especially the compression socks. It’s clear that aZengear is actively marketing its products, with a blog and VIP club to build customer loyalty. The site’s branding and design are professional, suggesting a deliberate effort to establish a recognizable brand.

Financially, Artdriver Ltd shows a mixed picture. Cash bank holdings have dramatically increased by 450%, reaching £220,000, while current assets have also seen a significant jump to £330,000. However, net assets have soared to £180,000, a substantial increase, and creditors have also risen considerably to £150,000. Trade debtors have exploded, jumping 9200% to £110,000, and taxation social security payable has also increased dramatically. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the surge in debtors and creditors suggests a need to manage cash flow more carefully. The accounts are "filleted," meaning unaudited, and produced using Taxfiler software.

Overall, Artdriver Ltd appears to be experiencing growth, but it’s important to monitor its ability to convert debtors into cash. The e-commerce focus of aZengear, combined with the company’s financial performance, suggests a business that’s expanding—though perhaps a bit too quickly.

Registered in England/Wales under the registration number 07120406, with a registered address at WC1N 3AX, London, 27 Old Gloucester Street.

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