Digicounted Ltd

Digicounted Ltd from Ipswich UK is a small, active company founded two years ago. It employs just one person and holds £32,548 in assets, operating from a virtual address. The company is led by two directors and has one owner, who is also the solo founder. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The business primarily operates in the retail sale via mail order houses or via internet industries. While no website was provided, this suggests an online retail focus. It's likely an e-commerce operation, selling goods directly to consumers through a website or online marketplace.

Financially, Digicounted Ltd’s recent performance paints a mixed picture. Cash reserves increased significantly by 170%, reaching £33,000—a positive sign. However, net assets decreased by 300%, dropping to -£7,800, and retained earnings are negative. Bank borrowings increased by 240%, reaching £31,000, and creditors have increased substantially. The company’s accounts are unaudited and classified as “Filleted Accounts,” meaning they are simplified and exempt from a full audit. This is common for small companies. It’s worth noting that the company’s directors are listed as Okpolokpo Alama Henry, twice.

Despite the negative equity and increased borrowings, the rise in cash reserves suggests that the business has been able to generate income. However, it’s also spending more than it’s earning, resulting in the negative equity. The company's small size and lack of employees—just one reported—mean it's likely operating with minimal overhead. The virtual address, shared by 425 other companies, is a common practice for small businesses looking to reduce costs.

Registered in England/Wales under the registration number 14178219, with a registered address at IP1 1RJ, England, Ipswich, Suffolk, 50 Princes Street.

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