Desire2 Limited

Desire2 Ltd from Chandler's Ford UK is a small, active company founded eight years ago. With £137,985 in assets and a virtual address shared by many other businesses, it’s a modest operation run by two directors and a single owner, who is also the solo founder. The company regularly imports aluminum and aluminum products (for 16 months), and exports machinery, boilers, and mechanical appliances (for 33 months).

Desire2 Ltd operates an e-commerce site, Desire2 Shop, offering a wide range of electronics and accessories for various devices. The site caters to customers across Europe and beyond, listing compatibility with a huge array of brands and models, from Acer and Apple to Xiaomi and ZTE. It’s clear the company is focused on providing accessories for a diverse range of devices, with categories including chargers, smart watches, audio equipment, and even stabilizers for action cameras. The website’s design and layout suggest a focus on showcasing products and providing detailed specifications, rather than offering a highly personalized shopping experience. It’s also worth noting the site’s emphasis on extended warranties and Intertek partnerships, which aims to build trust and reassure customers.

Financially, Desire2 Ltd shows some concerning trends. Cash bank on hand has decreased by a significant 49%, dropping to £13,000, while creditors have increased dramatically by 170%, reaching £120,000. Trade debtors have also plummeted by 70%, which could indicate difficulties in collecting payments. While current assets have increased by 48% to £140,000, the substantial rise in liabilities raises questions about the company’s ability to manage its debts. Equity has also fallen by 53%, indicating a decline in the company’s net worth. Despite meeting two of three criteria to be considered a small company, the sharp decline in equity and the increasing debt levels are worrying. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. It’s a little odd that the company’s financial statements are prepared under the historical cost convention.

Registered in England/Wales under the registration number 10308439, with a registered address at SO53 3TL, United Kingdom, Chandler's Ford, First Floor Secure House, Lulworth Close.

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