Devancer Limited

Devancer Ltd from London UK: a small holding company with an active status, was founded 14 years ago in 2010. It employs four people and holds £106,766 in assets, operating from a real address and overseen by three directors and one owner. The company runs an e-commerce site and irregularly exports furniture, lighting, and prefabricated buildings, with its last export activity occurring two months ago in January 2021.

The company's website, Universal Innovative Tech, showcases a range of lifestyle gifting products, primarily tablet, iPad, and mobile accessories. It specializes in "Quishion" – a 2-in-1 scatter cushion that doubles as a quilt or throw – and offers various stands and holders for tablets, iPads, and mobile phones. The site emphasizes secure checkout, a no-quibble guarantee, and fast delivery, showcasing positive customer reviews.

Financially, Devancer Ltd’s recent performance paints a mixed picture. While its total assets decreased by 47% to £110,000, its equity plunged dramatically by 350% to -£220,000. Cash reserves have also taken a hit, falling 71% to £39,000. Bank borrowings remained stable, however, at £310,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the significant equity decline suggests potential financial pressures. Staff costs have also decreased considerably, dropping 57% to £66,000. The company is exempt from having its accounts audited, so the numbers are unaudited.

Registered in England/Wales under the registration number 07237910, with a registered address at W4 5RU, England, London, Jml Chiswick Green, 610 Chiswick High Road.

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