Commercetools Ltd

Commercetools Ltd from London UK: a small, active company founded six years ago, employs 43 people, and holds £348,250 in assets. It’s a real address with two directors and one owner, operating an e-commerce site and boasting a stellar 5.0 Google rating from a single review. The company is an irregular importer, bringing in paper and paperboard products for about one month out of the last year, with the last import occurring in July 2023.

The company’s website isn’t available, making it difficult to ascertain the exact nature of its e-commerce operations. However, the company’s description reveals it’s involved in business and domestic software development, data processing, hosting, and engineering-related consulting. It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The financial data paints a mixed picture. Cash bank on hand has plummeted by a staggering 94%, dropping to £61,000—a significant drain. Liabilities have increased, with accrued liabilities up 12% to £530,000. However, creditors have decreased by 70%, suggesting improvements in managing debt. The company’s average number of employees has increased by 63%, jumping to 70, which is a lot of people for a small company. Equity has also improved, decreasing from -£880,000 to -£260,000.

The company’s accounts are audited, and the financial statements are prepared in accordance with the provisions applicable to companies subject to the small companies regime. While the decline in cash reserves is concerning, the decrease in creditors and improved equity suggest the company is working to stabilize its finances. The increased number of employees could indicate expansion or increased activity, but it also raises questions about profitability. It’s hard to say what the future holds, but Commercetools Ltd seems to be navigating a challenging financial landscape.

Registered in England/Wales under the registration number 11760782, with a registered address at WC1R 4AT, England, London, 43 Eagle Street First Floor.

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