Awesome Technology Ltd

Awesome Technology Ltd, based in Quedgeley, UK, is a small, active company founded twelve years ago in 2012. With a real registered address and two employees, the company holds £133,659 in assets and is led by a solo founder and director, Babbs Donald Alan. Accounts are currently overdue by 21 days. The firm regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 24 months of import activity and 17 months of export activity recorded.

The company operates in the business and domestic software development industries. It's a small company, meeting two of three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website is non-existent, so it’s difficult to assess its e-commerce presence or online sales strategy.

Financially, Awesome Technology Ltd presents a concerning picture. Current assets have plummeted by 56%, dropping to £130,000. Net assets have also seen a dramatic decline, falling 97% to just £5,700. Bank borrowings have decreased slightly, but cash reserves have fallen 89%, leaving only £29,000. Creditors have increased significantly, rising 140%, and trade debtors have decreased by 46%. The company’s equity has been dramatically reduced.

While the company's small size allows for agility, the sharp decline in assets and equity suggests it may be burning through money. The increase in creditors could indicate difficulties paying suppliers, and the decrease in cash reserves is a worrying sign. With no auditor mentioned (likely exempt as a small company), the figures are unaudited. It's likely that the company is struggling to maintain its financial health, and management may need to address these issues to ensure its long-term survival.

Registered in England/Wales under the registration number 08260790, with a registered address at GL2 2DG, United Kingdom, Quedgeley, Gloucestershire, Unit 3-4 Whitworth Court Baird Road, Waterwells Business Park.

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