Atlas Websites Limited

Atlas Websites Limited, based in London, UK, is a small, active company founded five years ago in 2019. With £42,658 in assets and a virtual address shared by over 3,600 other companies, it’s a somewhat unusual setup. The company has one director and one owner, and operates in the retail sale via mail order houses or via internet, the other information technology service activities industries. It’s an irregular importer, with its top import category being Clothing and accessories made by knitting or crocheting, totaling 2 months of imports, the last operation was conducted on November 01, 2023.

The company’s website, currently displaying an "Update Coming Soon" message, redirects visitors to ATLAS Media Group Ltd. This site indicates a refresh is underway, designed by Colorlib, and copyright 2017 ATLAS Media Group Ltd. It’s unclear how closely the two businesses are linked, but both emphasize a British presence.

Financially, Atlas Websites Limited shows a concerning trend. Current assets have fallen by 38% to £43,000, while equity has also dropped 38% to £40,000. Cash reserves are down 75% to just £15,000, and net assets have decreased significantly. Trade debtors remain constant at £1,900, and creditors have decreased by 29%. Total inventories have seen a massive 530% increase to £27,000, which could indicate a build-up of stock. 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 decline in equity and cash reserves raises questions. As a small company, it’s exempt from an audit, relying on unaudited accounts.

In short, Atlas Websites Limited is facing financial pressure. The website update suggests a potential shift in strategy, but the declining financials indicate a need for careful management.

Registered in England/Wales under the registration number 12277868, with a registered address at WC1N 3AX, England, 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.