Compadvance Ltd

Compadvance Ltd is a small, active company based in London, UK, established sixteen years ago in 2008. With four employees and £448,496 in assets, it operates from a virtual address, a detail that raises some questions. The business is family-owned, run by two directors and two owners, and features an e-commerce site. It regularly imports and exports machinery, boilers, and mechanical appliances, parts – 73 months of imports and 12 months of exports.

The company's website showcases a wide range of HP laptops, tablets, and desktop PCs, catering to both personal and business users. It offers various laptop series, including convertible and gaming models, and provides a selection of accessories like card readers and external hard drives. The site also promotes HP Renew products, offering discounts on refurbished items. There’s a lot of detail, and it’s clear the business is focused on selling computer hardware and related products online.

Financially, Compadvance Ltd presents a mixed picture. Current assets have decreased by 5.6% to £450,000, while net assets have fallen by 8.1% to £140,000. Bank borrowings have also decreased by 15%, reaching £190,000, and cash reserves have increased significantly by 930%, reaching £39,000. Creditors have also decreased by 15%, suggesting better debt management. The company meets the criteria for a small business, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The lack of a mentioned auditor is not surprising, given its size.

The company’s increasing cash reserves are a positive sign, but the decline in net assets warrants further investigation. The virtual address and reliance on e-commerce also suggest a lean operation, but it could also indicate potential risks related to scalability and security. It seems like Compadvance Ltd is navigating a competitive market, relying on its online presence and family ownership to maintain its position.

Registered in England/Wales under the registration number 06710897, with a registered address at EC1V 2NX, England, London, 128 City Road.

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