Egoldfax International Ltd

Egoldfax International Ltd, based in Bedford, UK, is a small, active company founded 32 years ago. With a single employee and £701,095 in assets, it operates from a real address and is managed by one director and owner. The company is an irregular importer, primarily dealing in clothing and accessories made by knitting or crocheting, with a recent import recorded in May 2022.

The company’s primary function is to provide cloud fax services, as evidenced by its website, eGoldFax. It targets businesses of all sizes, offering enterprise-level functionality at a small business price. Features include security, scalability, universal access, and cost-effectiveness. The website also highlights partnerships with resellers and manufacturers like Sharp, Kyocera, and Xerox, suggesting a broad network. The company even has a North American headquarters in Laguna Beach, California, indicating a global reach.

Financially, Egoldfax International Ltd shows a mixed picture. While cash bank on hand increased by a healthy 40% to £290,000, debtors decreased by a significant 22% to £410,000. Equity rose by 8% to £130,000, a positive sign, but creditors also fell by 56% to £23,000, which could indicate a reduction in supplier credit. Fixed assets increased by 90% to £28,000, possibly due to investments in technology or equipment. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from an audit, relying on unaudited financial statements.

The company’s financial trends suggest it's navigating a period of adjustment. While cash reserves are up, the decrease in debtors could be a concern, and the reduction in creditors might reflect a change in payment terms. It's clear that Egoldfax International Ltd is focused on expanding its cloud fax services, but its long-term financial health will depend on its ability to manage its debts and maintain a steady stream of revenue.

Registered in England/Wales under the registration number 02792904, with a registered address at MK40 4AG, England, Bedford, 3 Windmill Hill, Biddenham.

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