Ax8 Ltd

Ax8 Ltd, based in Uxbridge, UK, is a small, active company founded five years ago in January 2020. With just two employees and £61,873 in assets, it operates in the other business support service activities n.e.c. and other service activities n.e.c. industries. The company has two directors, but no owners are listed, which is a bit unusual. It's an irregular importer of toys, games, and sports equipment, with its last import operation recorded one month ago in December 2023. The registered address is real, with only six companies registered there.

The company’s website, Accelerate Resources, focuses on lithium, manganese, and gold assets, and is clearly geared towards investors. It highlights projects in Western Australia, including the Karratha Lithium Projects, Woodie Woodie North Manganese Project, and Comet Gold Project. The site is professional and investor-focused, with presentations, ASX releases, and a section for media and contact information. It doesn't seem to be an e-commerce site, but rather a platform for showcasing the company's portfolio and attracting investment.

Financially, Ax8 Ltd presents a mixed picture. Current assets have decreased by 13% to £62,000, and net assets have fallen by 1.7% to £69,000. Bank borrowings have disappeared completely, which is a positive sign, but cash reserves have increased by 13% to £12,000. Trade debtors have remained steady, while creditors have increased by 18%. The company's small size—meeting two of three conditions for a small company—helps it remain agile, but the decrease in net assets could indicate a need for further investment. There's no mention of an auditor, likely due to its small size and exemption from audit. The company’s accounts are unaudited.

Overall, Ax8 Ltd seems to be holding its own, but the financial data suggests it's not burning through money like a startup, but it’s also not experiencing rapid growth. The focus on investor relations and asset development indicates a long-term strategy, but the company will need to carefully manage its finances to sustain its operations and attract further investment.

Registered in England/Wales under the registration number 12418619, with a registered address at UB10 8FJ, England, Uxbridge, 3 Truesdales, Ickenham.

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