Cult Never Dies Limited

Cult Never Dies Limited, based in London, UK, is a small, active company founded eight years ago in 2016. It employs just one person and holds £53,162 in assets, operating from a virtual address shared by many other businesses. The company is led by a single director and owner, Patterson Dayal, and runs an e-commerce site specializing in metal literature, merchandise, and music. It’s also a label and mail order service dedicated to underground metal and cult art, with irregular exports of printed materials like books and newspapers, the last recorded in 2022.

The company’s website, Cult Never Dies, is a hub for metal enthusiasts, offering a wide range of publications, merchandise, and music. It functions as a publishing house, a merchandise company, and a label, distributing both its own products and those of others. The site also features interviews, articles, events, and a newsletter, showcasing its commitment to the metal community. It’s a vibrant online presence, with a clear focus on niche content and direct sales.

Financially, Cult Never Dies Limited presents a mixed picture. While current assets are down slightly at £53,000, the most concerning trend is the dramatic decline in equity, falling 71% to just £12,000. Creditors have surged by a staggering 190% to £43,000, and cash reserves have shrunk by 66% to £3,200. The company’s small size (meeting two of three criteria for a small company) helps it remain nimble, but the significant drop in equity and increased debt suggest a need for careful management. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

It appears Cult Never Dies Limited is facing challenges in maintaining financial stability, despite its active e-commerce operations and dedicated following. The company’s reliance on irregular exports and the potential for increased competition in the metal literature market could be contributing factors.

Registered in England/Wales under the registration number 10220723, with a registered address at N3 1DP, England, London, 311 Regents Park Road.

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