Credoo Ltd

Credoo Ltd from Banbury UK: small company, active status, founded 9 years ago, 1 employee, £21,494 assets, real address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director, and one employee.

The company’s website isn’t particularly flashy, but it does suggest a focus on online retail. It's hard to say exactly what they sell without more information, but the site gives the impression of a small, independent business catering to a niche market. There's no obvious e-commerce platform visible, so it's possible they sell through third-party marketplaces or directly through social media.

Financially, Credoo Ltd presents a mixed picture. While current assets increased by a modest 45% to £21,000, equity took a significant hit, dropping 55% to just £780. Bank borrowings increased substantially, rising to £12,000, and cash reserves also grew to £20,000. Creditors increased by a hefty 350% to £14,000, which could be a sign of increased purchasing or perhaps some difficulties managing payments. The lack of employees (just one reported) suggests a lean operation, and with no auditor mentioned (likely exempt as a small company), the figures are unaudited.

It seems like Credoo Ltd is navigating some financial challenges, but also showing signs of growth. The increase in assets and cash reserves is encouraging, but the decline in equity and rise in debt are concerning. It’s likely that the solo founder is working hard to keep the business afloat, and the company's small size allows for flexibility, but the long-term sustainability of this model remains to be seen.

Registered in England/Wales under the registration number 09599591, with a registered address at OX15 4GQ, England, Banbury, 30 Swift Drive, Bodicote.

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