Collective Objective Ltd

Collective Objective Ltd is a small, active company based in Newcastle Upon Tyne, UK. Founded ten years ago in March 2015, it’s a limited company with a real address and a modest workforce of just one employee. The company holds £952 in assets and is overseen by two directors and two owners. 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 employees less than 50.

The company operates as a facilitator, bringing together the right people to deliver on projects, from branding to construction. It boasts a network of specialisms and works as a team to get the job done, offering connections and collective knowledge to make projects happen. The website highlights a collaborative approach, inviting potential team members to join and showcasing testimonials from satisfied clients praising the seamless project management. It's clear they're aiming to be a central hub for various specialist services.

Financially, Collective Objective Ltd presents a mixed picture. While the company’s small size helps it stay agile, there are some concerning trends. Cash bank on hand plummeted a significant 91% to just £700, and current assets dropped by 88% to £950. Debtors increased by 81%, which could indicate difficulties in collecting payments, or perhaps a strategic decision to extend credit. On the positive side, creditors decreased by 30%, suggesting improved debt management. Net assets, however, declined by 32% to -£74,000, a substantial drop that warrants further investigation. The company’s retained earnings and accumulated losses also show a considerable negative balance. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

Despite the financial challenges, Collective Objective Ltd’s focus on collaborative project management and its network of specialists could be a strength. However, the sharp decline in cash reserves and the negative equity suggest the company is burning through money, and the directors will need to address these issues to ensure its long-term viability.

Registered in England/Wales under the registration number 09481898, with a registered address at NE3 1NP, England, Newcastle Upon Tyne, 27 Moor Road South.

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