Axetrading Limited

Axetrading Ltd, based in London, UK, is a small, active company founded 16 years ago in 2008. With 18 employees and £1,775,481 in assets, it operates from a real address and is overseen by two directors and one owner. Google users have given it a perfect 5.0 rating based on one review. The company regularly imports machinery, boilers, and mechanical appliances, with its last import operation recorded three months ago in December 2022.

Axetrading was acquired by Trading Technologies, a provider of professional futures trading platforms. The company’s fixed income and bond trading platform, which handles listed derivatives, U.S. Treasuries, credit, government bonds, and swaps, is now part of Trading Technologies. The website makes no mention of the company's previous activities.

Financially, Axetrading Ltd presents a mixed picture. Current assets remained relatively stable at £1,800,000, but net assets plunged 35% to -£15,000,000. Cash reserves increased significantly by 120% to £800,000, which is a positive sign. However, amounts owed to group undertakings have increased dramatically to £3,100,000, and corporation tax payable has jumped to £900,000. The number of employees has also decreased by 22% to 14. Creditors have increased by 100% to £7,200,000, which may indicate increased reliance on short-term financing. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be flexible, but the large equity drop and increase in liabilities raise concerns. With no auditor mentioned, the figures rely on unaudited statements.

Registered in England/Wales under the registration number 06721631, with a registered address at EC4N 7BL, United Kingdom, London, Capital House, 85 King William Street.

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