Ascend Labs Ltd

Ascend Labs Ltd from London UK: small company, active status, founded 1 year ago, 2 employees, £14,749 assets, real address, 2 directors, 2 owners. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £14,749. The company was incorporated one year ago on May 03, 2023, and registered at N1 3PD, England, London, 344 Essex Road. The address is probably real as only one company registered at the same address. Its status is active. Officially, it has two owners or PSCs, two directors, and two employees. The company operates in the retail sale via mail order houses or via internet, the management consultancy activities other than financial management, the other human health activities industries.

Ascend Labs Ltd appears to be a fledgling e-commerce venture, though a detailed website is unavailable for review. Based on the provided information, it seems to be focused on online retail and potentially offering management consultancy and health-related services. It’s difficult to say definitively if it's an ecommerce business without a website, but the description suggests a focus on online sales.

Financially, Ascend Labs Ltd presents a mixed picture. While its small size allows for agility, the figures reveal a company still in its early stages. Current assets are a modest £14,749, and equity sits at £11,000, with retained earnings of £100. Bank balances are stable at £15,000, but creditors are £4,100. The company’s net assets and liabilities are both £11,000. The lack of substantial growth in assets and the relatively low cash reserves suggest that the company is not yet generating significant profits. The fact that the accounts are “filleted” and unaudited—a common practice for small companies—means that these figures rely on the director’s assessment. There’s no auditor mentioned, which is expected given the company’s size and exemption status. It’s likely the company is managing to stay afloat, but it’s not burning through money—it’s more like carefully conserving it.

Registered in England/Wales under the registration number 14841987, with a registered address at N1 3PD, England, London, 344 Essex Road.

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