Biterite Digital Limited

Biterite Digital Limited, based in London, UK, is a small, active company founded just three years ago in 2022. With £179,468 in assets and a real registered address, it's a lean operation employing just three people and managed by one director and two owners. The company boasts a perfect 5.0 Google rating from a single review, showcasing a commitment to customer satisfaction. It operates in the manufacture of medical and dental instruments and supplies industries and is an irregular importer, with its top import category being Paper and Paperboard Products, totaling one month of imports, the last recorded in March 2024.

The company's website is not available for review, so it’s difficult to determine if it operates an e-commerce platform or primarily serves business-to-business clients. The focus on medical and dental instruments suggests a specialized market, likely requiring a strong network of suppliers and distributors.

Financially, Biterite Digital Limited presents a mixed picture. While current assets are at £180,000, representing an increase of 88% from the previous year, net assets have plummeted by 660% to -£52,000. This significant equity drop is concerning, suggesting the company is burning through cash or facing increased liabilities. Bank borrowings have risen dramatically, increasing by 130% to £1,800, and cash reserves have fallen by 130% to £1,800. Creditors have also increased substantially, rising by 310% to £370,000. Despite these challenges, trade debtors have decreased by 31%, indicating improved debt collection. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it's exempt from a full audit, relying on unaudited statements.

The sharp decline in equity and increased debt suggest Biterite Digital Limited is facing financial pressures. The company's reliance on a small number of employees and a limited import history may make it vulnerable to supply chain disruptions. The lack of a website makes it difficult to assess the company’s marketing efforts and customer base. While the high Google rating indicates a positive customer experience, the financial data raises questions about the company's long-term sustainability.

Registered in England/Wales under the registration number 14005949, with a registered address at N3 1DH, United Kingdom, London, Winston House,, 349 Regents Park Road,.

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