Coavenue Limited

Coavenue Ltd, a small, active company based in London, UK, has been operating for 13 years. Founded in 2011, the company is led by a solo founder and has one director and owner, Moore William. It runs an e-commerce site and operates in the retail sale via mail order and motion picture production activities industries. Despite its longevity, Coavenue Ltd is facing some challenges, with accounts overdue for two years and confirmation overdue for one. The company has one employee and holds £118,512 in assets, operating from a real address shared by four other businesses.

While the company’s website doesn’t directly showcase its products, it redirects to CCAvenue, a payment gateway provider. CCAvenue offers a wide range of payment processing solutions for businesses in India, the Middle East, the US, and beyond. It supports various payment methods, including credit cards, debit cards, net banking, and mobile wallets, and provides features like invoice payments, subscriptions, and a mobile app. It’s clear that Coavenue Ltd is deeply involved in facilitating online payments, rather than selling goods directly.

Financially, Coavenue Ltd’s situation is concerning. Net assets have plummeted by 53%, dropping to just £45,000, and cash reserves have vanished completely. Bank borrowings have increased, and trade debtors have significantly decreased, suggesting difficulties in collecting payments. Despite these challenges, the company’s small size (meeting two of three conditions for being a small company) allows for agility. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. It’s possible the company is burning through cash to invest in its payment processing infrastructure, but the sharp decline in equity raises questions about its long-term viability.

Registered in England/Wales under the registration number 07875045, with a registered address at NW2 3HY, England, London, Flat 1 167 Cricklewood Broadway.

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