Cell Fone City Ltd

13111257, Cell Fone City Ltd, based in London, UK, is a small, active company founded four years ago in January 2021. It holds £224,352 in assets and operates from a real address, managed by one director and two owners—a solo founder at its core. The company boasts a solid 4.0 Google rating from nearly 300 reviews.

Cell Fone City Ltd primarily focuses on retail sale via mail order houses or via internet, offering services like computer repair, software solutions, and cloud backups. Its website highlights professional phone and software repair services, emphasizing quick appointments and reliable solutions. It’s clear they’re trying to establish themselves as a go-to for tech support in London.

Financially, Cell Fone City Ltd presents a mixed picture. Current assets have seen a significant jump, increasing by 160% to £220,000, which is good news. However, net assets remain negative at -£57,000, a decline of 6% from the previous year. Cash reserves have decreased slightly, falling by 3% to £5,200. Creditors have increased substantially, rising by 92% to £280,000, which could indicate increased borrowing or delayed payments. The company’s size (meeting two of three conditions for a small company) allows for flexibility, but the negative equity is a concern. The company is exempt from an audit, so the figures are unaudited.

The sharp increase in creditors, alongside the negative equity, suggests Cell Fone City Ltd might be burning through cash faster than it’s generating revenue. While the positive Google rating and growing asset base are encouraging, careful management of its finances will be crucial for its long-term success.

Registered in England/Wales under the registration number 13111257, with a registered address at E1 5NF, United Kingdom, London, 6 Greatorex Street.

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