Cross Two Limited

Cross Two Ltd, based in London, UK, is a small, active company established fifteen years ago in 2009. It employs nine people and holds £365,574 in assets, operating from a virtual address – a point to note as 970 companies share the same location. The business is run by two directors and a single owner, who is also the solo founder. Cross Two Ltd regularly imports and exports clothing and accessories, excluding knitted or crocheted items, with 241 months of import activity and 10 months of export activity recorded. It operates in the other retail sale of new goods in specialised stores industry.

The company's website, crosscutshredding.co.uk, reveals a business focused on secure document destruction and recycling. They offer paper shredding services for homes and businesses, including drop-in shredding at their Yeovil facility, collection services, and even a paper shredder hire option. The site emphasizes compliance with BS EN 15713 standards, environmental friendliness (100% recycled paper), and a commitment to data security. Beyond shredding, Cross Cut Shredding offers document scanning and secure storage solutions, catering to businesses seeking to digitize their archives or maintain physical records.

Financially, Cross Two Ltd’s recent performance presents a mixed picture. Cash reserves have taken a significant hit, plummeting 92% to just £2,700. Bank borrowings increased by 2.5% to £10,000, and net deferred tax liability increased by 18% to £1,300. However, finished goods and goods for resale increased by 10% to £310,000, and creditors decreased by 3.5% to £240,000. 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 flexibility, but the sharp decline in cash raises concerns. No auditor is mentioned, indicating exemption as a small company and reliance on unaudited statements.

Overall, Cross Two Ltd appears to be navigating a period of financial adjustment. While the shredding business seems to be operating successfully, the company’s financial health warrants close monitoring, and the virtual address should be considered when evaluating its operational stability.

Registered in England/Wales under the registration number 07017802, with a registered address at W1W 8BE, United Kingdom, London, Elsley Court, 20-22 Great Titchfield Street.

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