Billion Dollar Boy Limited

Billion Dollar Boy Ltd from London UK: a large company, holding company, active status, founded 13 years ago, employing 96 people, and holding £9,343,943 in assets. It has a real address, three directors, one owner, and a stellar 5.0 Google rating based on 12 reviews. The company is an irregular exporter of glass and glassware, with just one month of exports recorded.

The company operates in the other information technology service activities industries. It’s a large company as it met two conditions of three: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The website is unavailable, so it’s difficult to determine if it’s an e-commerce operation.

Financially, Billion Dollar Boy Ltd shows some concerning trends. While current assets increased by 45% to £9,300,000, net assets decreased by a significant 170% to -£260,000. Bank borrowings increased by 93%, reaching £2,000,000, and cash reserves decreased by 13% to £2,300,000. Creditors increased by 68%, suggesting a reliance on external financing. Director remuneration increased by 55%, reaching £630,000, which is a sizable expense for a company of this size. The company’s accounts were audited by Moore Kingston Smith LLP.

The sharp decline in equity is a particular cause for concern, and it’s possible that the company is burning through cash faster than it’s generating revenue. The increase in bank borrowings suggests that the company is relying on debt to finance its operations. It is not clear what is causing these trends, but it is possible that the company is facing increased competition or that its business model is not sustainable.

Registered in England/Wales under the registration number 08031315, with a registered address at WC1N 2BF, England, London, Bedford House 1st Floor, 21a John Street.

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