Barcodex Limited

Barcodex Limited, a small, active company based in London, UK, has been operating for 16 years. Founded in 2009, it employs six people and holds £88,285 in assets. A family business with a real registered address, Barcodex is run by one director and two owners. It operates an e-commerce site and regularly imports electrical machinery and equipment, with a history of six months of import activity.

The company’s activities span business and domestic software development, buying and selling of real estate, letting and operating of property, and management of real estate on a fee or contract basis. It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The website, while not detailed, suggests a focus on software and related services.

Financially, Barcodex Limited presents a mixed picture. Current assets have fallen dramatically, decreasing by 85% to £88,000. This is a significant drop, and it's worth noting that cash bank on hand has plummeted 91%, falling to just £51,000. Trade debtors have increased substantially, rising by 3200% to £34,000, which could indicate a delay in customer payments or an expansion of credit terms. However, creditors have also increased by 60%, reaching £100,000, suggesting a reliance on external financing. Equity has increased by 39%, to £720,000, which is a positive sign. The company’s net assets have also increased by 37%, to £720,000.

The sharp decline in current assets and cash reserves is concerning, and it's possible the company is burning through money. However, the increase in equity and net assets suggests some level of financial stability. With no auditor mentioned, the figures rely on unaudited statements. It's likely that the company is navigating the challenges common to small businesses, and its long-term success will depend on its ability to manage its finances effectively and maintain its customer base.

Registered in England/Wales under the registration number 06891272, with a registered address at IG8 7JW, England, Woodford Green, 28 Finchingfield Avenue.

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