Bytes Enterprises Ltd

Bytes Enterprises Ltd is a small, active company based in Cardiff, UK, founded seven years ago in 2017. With £1,977 in assets and a real registered address, it's a solo-founded operation run by a single director and owner, Macagba Ferdinand. The company operates in the retail sale via mail order houses or via internet industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

The company’s website, Bytes Enterprises, is a platform for building online businesses. It offers a drag-and-drop builder, customizable elements, and professional templates—all designed to help entrepreneurs get their businesses online quickly and easily. The site emphasizes high-quality tools and a focus on helping businesses stand out. It even includes a section on privacy policy and a disclaimer that it is not affiliated with Facebook. The site’s focus is on providing tools and templates for building an online presence, rather than selling products directly.

Financially, Bytes Enterprises Ltd shows a concerning trend. Accumulated depreciation has risen by 27%, while cash bank on hand has plummeted 92% to just £300. Creditors have decreased slightly, but net assets have fallen significantly to -£17,000. Total assets less current liabilities are a negative -£2,400. Bank borrowings remain steady at £15,000. The lack of employees (zero reported) suggests a very lean operation. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

While the website showcases a desire to empower entrepreneurs, the financials paint a picture of a company struggling to stay afloat. The sharp decline in cash reserves and the negative equity suggest it’s burning through money. Whether the company can turn things around remains to be seen—but for now, Bytes Enterprises Ltd is facing a challenging financial situation.

Registered in England/Wales under the registration number 10969219, with a registered address at CF14 8LH, Cardiff, 10969219: COMPANIES HOUSE DEFAULT ADDRESS.

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