Dynamite Fx Limited

Dynamite Fx Ltd, based in Fordingbridge, UK, is a small holding company with an active status. Founded eleven years ago in 2013, it employs just two people and holds £102,594 in assets. The company has three directors and one owner, and boasts a perfect 5.0 Google rating based on two reviews. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with two months of import activity recorded as of May 2024.

The company operates in the other amusement and recreation activities n.e.c. industries. Its registered address is real, with only three companies registered at the same location, suggesting a legitimate business. The list of directors was recently changed, which is a good sign.

Financially, Dynamite Fx Ltd presents a mixed picture. Current assets have fallen by a significant 37%, dropping to £110,000. Bank borrowings have increased by 36%, reaching £54,000, while cash reserves have plummeted 86%, leaving just £14,000. Equity has also taken a hit, decreasing by 82% to £16,000. Creditors have increased by 36%, and trade debtors have fallen by 80%. The company meets the criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Despite the decline in cash reserves, the company’s creditors have decreased, suggesting improved debt management. The lack of an auditor mentioned is likely due to its small size and exemption from an audit. The company's financial statements are unaudited. It's clear that Dynamite Fx Ltd is facing financial challenges, but it's also demonstrating some resilience in managing its debts.

Registered in England/Wales under the registration number 08551494, with a registered address at SP6 3HR, England, Fordingbridge, Common Farm Cottage The Common, Damerham.

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