Computing Needs Limited

Computing Needs Ltd, based in Felixstowe, UK, is a small, active company established 27 years ago. With nine employees and £77,129 in assets, it operates a real address and is managed by one director and two owners. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from four reviews. It’s an irregular importer, primarily dealing in textile products, sets, used clothing, and rags, with its last import activity recorded a month ago in May 2020.

The company's website, Office AZ, offers a vast selection of office supplies, from adhesives and stationery to furniture and technology. It caters to both individual and business customers, providing a comprehensive online marketplace for all office essentials. The site’s extensive product range and detailed descriptions suggest a well-established operation, though the “Oops, no items were found” message on the checkout page might indicate some technical glitches.

Financially, Computing Needs Ltd’s recent performance paints a mixed picture. Current assets decreased by 25%, falling to £77,000, while net assets plummeted 20% to -£89,000. Cash reserves took a significant hit, decreasing by 98% to just £80—a worrying trend. Trade debtors also fell by 25%, suggesting a potential issue with customer payments. However, creditors decreased by 10%, which could indicate improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity raises concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Computing Needs Ltd appears to be navigating a challenging financial landscape. While its e-commerce platform offers a wide range of products, the company needs to address its declining cash reserves and improve its financial stability to ensure long-term success.

Registered in England/Wales under the registration number 03559952, with a registered address at IP11 3QE, Felixstowe, Suffolk, Waterhead House, Peewit Hill.

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