District24 Ltd

District24 Ltd from Daventry UK: small company, active status, founded 1 year ago, real address, 1 director, 1 owner, solo founder, e-commerce site. It’s a private limited company registered in England/Wales with the registration number 14845235, incorporated on May 03, 2023, and registered at NN11 0FX, England, Daventry, 24 Wheat Close. The address is probably real as only one company registered at the same address. Its status is active. Officially, it has one owner or PSCs, one director and no number of employees published. The company operates in the retail sale via mail order houses or via internet industries.

The website, Mystery Ranch UK, showcases a premium brand of backpacks and outdoor gear. It’s clearly an e-commerce operation, with a focus on high-quality, durable products designed for rugged use. The site features a wide range of backpacks, from everyday carry essentials to specialized gear for hiking, climbing, and snow sports. It also offers accessories like hip packs, laptop bags, and travel lifestyle items. The website’s design is clean and professional, with high-quality product photography and detailed descriptions. There's a blog and clearance section, and the site emphasizes fitting and sizing information, cleaning and care instructions, and the brand’s design philosophy. It’s a well-executed online storefront for a brand targeting serious outdoor enthusiasts.

Financially, District24 Ltd shows a bit of a concerning picture. While it meets the criteria to be considered a small company—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the numbers are tight. Cash bank on hand is a modest £290, and net current assets liabilities sit at a negative £680. Creditors are at £1100, and debtors are at £130. Equity is at just £1, and the company has a net loss. The lack of employees (zero reported) suggests a very lean operation, likely run by the solo founder, Dmitri Burdea. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, District24 Ltd is a small e-commerce business selling premium backpacks, but it's operating on a very tight financial margin. The company is holding steady, but the negative equity and low cash reserves suggest it's burning through money. Whether the company can sustain this level of operation long-term remains to be seen, but its focus on a niche market and a strong brand image may help it weather the storm.

Registered in England/Wales under the registration number 14845235, with a registered address at NN11 0FX, England, Daventry, 24 Wheat Close.

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