Daxan Limited

Daxan Limited is a small, active company based in Barnet, UK, founded 24 years ago in 2000. It employs just two people and holds £92,463 in assets, operating from a virtual address shared by 69 other companies. The company is run by three directors and a single owner, who is also the solo founder. Daxan Limited regularly imports optical and medical tools and devices, with five months of import activity recorded as of April 2024.

The company’s website, BurglarAlarmSystem.uk, functions as a directory for alarm system installers across the UK. It doesn’t appear to be an e-commerce site itself, but rather a listing service connecting customers with security providers. The site showcases a wide range of security vendors, from video surveillance to burglar alarms, and serves as a comprehensive guide for finding local security companies. It’s a well-designed resource, but it’s unclear how Daxan Limited’s own business fits into this larger ecosystem.

Financially, Daxan Limited shows a concerning trend. Current assets have plummeted by 57%, dropping to £92,000, while net assets have also decreased by 25%, settling at £77,000. Cash reserves have fallen significantly, dropping 16% to £92,000. Debtors have virtually disappeared, decreasing by a staggering 100%, and inventories have vanished entirely. Creditors, however, have shrunk by 85%, suggesting 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 flexibility, but the sharp decline in equity and cash reserves raises questions about its financial health. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

In short, Daxan Limited is facing financial headwinds. While its website acts as a valuable resource for security shoppers, the company's own performance suggests it’s burning through money. Whether it can sustain its operations remains to be seen, but the current trajectory is not encouraging.

Registered in England/Wales under the registration number 04052124, with a registered address at EN5 5SU, England, Barnet, Hertfordshire, 159 High Street.

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