E-company Ltd

E-company Ltd is a small, active company based in Bolton, UK, founded four years ago in July 2020. It’s a solo-founded operation with two directors and one owner, Noreen Aqsa. The company holds £4,007 in assets and operates from a real address at the Nortex Business Centre. Its primary focus is retail sale via mail order houses or via the internet.

The company’s website, eCompany.ltd, positions itself as a provider of online company formation services for non-residents. It offers services across multiple jurisdictions, including the UK, Gibraltar, Cyprus, and others, facilitating company registration, merchant account setup, and banking solutions. The site emphasizes simplicity, security, and expertise, targeting entrepreneurs seeking to establish businesses internationally. It’s clear the company isn’s selling PPE, but rather facilitating the creation of companies in various locations.

Financially, E-company Ltd shows a mixed picture. Current assets decreased by 22% to £4,000, while net assets also fell by 21% to £3,300. Cash reserves dropped by 11% to £2,400, and trade debtors decreased by 33% to £1,700. On the plus side, creditors significantly decreased by 71% to £680. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity suggests potential financial strain. No auditor is mentioned, as the company is likely exempt.

Overall, E-company Ltd appears to be navigating a challenging financial landscape, but its focus on online company formation services and its presence in multiple jurisdictions could provide opportunities for growth. It’s a small business with a lot of potential, but it’s important to keep an eye on its financial performance in the coming months.

Registered in England/Wales under the registration number 12753434, with a registered address at BL1 3AS, England, Bolton, Unit N/1/11 Nortex Business Centre, 105 Chorley Old Road.

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