Audenza Limited

Audenza Advisory Accounting Compliance Services is a small, active company based in Zirakpur, India, with a UK presence in Wallingford. Founded seven years ago in 2018, it employs just three people and holds £50,511 in assets. With a real registered address and one director, the company provides accounting and compliance services. It’s a relatively new venture, having only recently begun exporting, with one month of export activity recorded as of April 2020.

The company's website details a range of services, from bookkeeping and credit control to business consultation and payroll management. It operates on a cloud-based system, allowing clients to upload documents and track progress online. The website also highlights the company's focus on innovation, agility, and client collaboration—key attributes for a modern accounting firm. They even have offices in Australia, which is impressive.

Financially, Audenza Advisory shows some concerning trends. Net assets have plummeted by a staggering 420%, falling to -£33,000, a significant turnaround from the previous year. Cash reserves have also taken a hit, decreasing by 89% to just £8,900. Bank borrowings have increased dramatically, rising by 2,100% to £2,100. Creditors also increased, though not as drastically, by 9.2%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

While the company's website projects a professional image and a focus on client service, the financials suggest it’s burning through cash. The sharp decline in equity raises questions about its long-term sustainability, and the increase in borrowings indicates a need for additional funding. It's a bit worrying, really.

Registered in England/Wales under the registration number 11201650, with a registered address at OX10 9BX, England, Wallingford, 49 Barley Close.

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