Bixtech Limited

Bixtech Limited, based in London, UK, is a small, active company founded 17 years ago in 2008. With just two employees and £502,446 in assets, it operates from a virtual address—a detail flagged by the fact that eleven companies are registered at the same location. The company has two directors and two owners, though the owner list isn’t exhaustive. Bixtech is a regular importer, primarily bringing in various textile products, sets, used clothing, and rags, with its last import activity recorded in November 8 2024.

The company’s website paints a different picture. Bixtech Solution positions itself as a “trusted technology partner” and a digital product agency based in Malaysia. It offers a comprehensive suite of services, including web app development, strategy, design, and software consulting, aiming to help businesses grow, scale, and streamline operations. The site highlights a “one-stop” approach, emphasizing ingenuity and full-stack development, from idea to implementation. It also boasts expertise in emerging technologies like blockchain and AI, and caters to clients seeking smart, intuitive user experiences.

Financially, Bixtech Limited’s report reveals some concerning trends. While the company’s net assets remained relatively stable at -£100,000, current assets dropped by 14% to £500,000. Bank borrowings decreased by 36% to £19,000, and cash reserves fell 1.1% to £62,000. Trade debtors plummeted by a significant 55%, suggesting difficulties in collecting payments, or perhaps a shift in credit terms. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the decline in debtors and the negative equity are worth noting. No auditor is mentioned, likely due to its status as a small company.

Overall, Bixtech Limited appears to be navigating a period of financial pressure. While its Malaysian-based technology services seem promising, the UK company's financials suggest it's burning through money, and it’s important to see if the two businesses are linked.

Registered in England/Wales under the registration number 06508527, with a registered address at W1G 8DA, London, 29 Welbeck Street.

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