Bold Communications Limited

Bold Communications Limited, based in London, UK, is a small holding company with an active status, having been incorporated 43 years ago in May 1981. The company employs eight people and holds £2,817,598 in assets. It operates from a virtual address, a detail flagged by the presence of 3682 other companies registered at the same location. The business is overseen by two directors and has one reported owner, though this list may not be exhaustive. Bold Communications imports electrical machinery and equipment irregularly, with just one month of import activity recorded, while exporting these same items regularly, with four months of export activity.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if the company operates an e-commerce site or primarily engages in business-to-business transactions.

Financially, Bold Communications Limited’s recent performance shows some concerning trends. Net assets have decreased by 22%, settling at £560,000. Cash reserves have fallen significantly, dropping 85% to just £200,000. Bank borrowings have surged by a staggering 2,400%, reaching £29,000, and trade debtors have increased by 470%, indicating potential difficulties in collecting payments. However, creditors have decreased by 18%, suggesting improved debt management. The company meets two of the three criteria to be considered a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely stems from its status as a small company, meaning the financial statements are unaudited.

The increase in bank borrowings and the drop in cash reserves suggest Bold Communications Limited may be burning through money, potentially due to increased operating expenses or investments. The surge in trade debtors could be a temporary blip or a sign of longer-term collection issues. Despite these challenges, the company’s regular export activity and small size provide some resilience.

Registered in England/Wales under the registration number 01563275, with a registered address at WC1N 3AX, England, London, 27 Old Gloucester Street.

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