Avajex Ltd

Avajex Ltd is a small, active company based in London, UK, founded four years ago in December 2020. With £45,775 in assets and a virtual address shared by many other businesses, it operates as an e-commerce site selling toiletry bags. Two directors and two owners manage the business, with the director list recently updated, which is a good sign.

The company specializes in the retail sale via mail order houses or via internet, focusing on high-quality toiletry bags for travel. Its website showcases a range of bags, from medium to extra-large sizes, with a strong emphasis on customer reviews and video demonstrations. The site's mission is offering quality products with best services.

Financially, Avajex Ltd appears to be in a stable position. Current assets have increased by 15% to £46,000, while net assets have also risen by 79% to £25,000. Cash reserves are up 77% to £18,000, and bank borrowings have decreased by 26% to £8,100. Trade debtors have increased significantly, by 160%, reaching £11,000, which could indicate expanding sales or slightly longer payment terms. Creditors have also decreased slightly, by 11%, to £9,700. The company meets two of three criteria to be classified as small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are described as "filleted" and unaudited, which is common for small companies.

Overall, Avajex Ltd seems to be a financially healthy, growing business. The increase in debtors does suggest a need to monitor cash flow, but the positive trends in assets, cash, and equity indicate a solid foundation.

Registered in England/Wales under the registration number 13084152, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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