Fazua Uk Ltd

Fazua Uk Ltd from Worthing UK is a small, active company founded two years ago. It operates with a virtual address, employs just one person, and is led by a single director with no owners reported. The company’s core business revolves around retail sales via mail order and internet, specializing in innovative drive systems for agile and light e-bikes.

The Fazua website showcases a wide range of products, including the RIDE 60 and RIDE 50 drive systems, alongside a selection of partner brands like Cervelo, Lapierre, and Canyon. It’s clearly an e-commerce focused business, offering detailed product information, technical specifications, and even a “Toolbox” software for diagnostics and upgrades. The site also highlights events, dealer locations, and a comprehensive support section with FAQs and downloadable resources. The company’s focus is on providing high-quality components and fostering a community of e-bike enthusiasts.

Financially, Fazua Uk Ltd presents a concerning picture. While the company’s assets are reported at -£130,000, a significant decrease from the previous year, its liabilities are also substantial. Bank borrowings have increased, and cash reserves are depleted. Creditors have also increased, suggesting a reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from a full audit, but the unaudited figures raise questions about its long-term viability. The auditor, Sumer Audit, hasn't provided any further insights. The company ceased to trade during the financial year, and the director doesn't consider it appropriate to adopt the going concern basis of accounts. It's clear the company is facing financial strain, and its future hinges on its ability to generate sales and manage its debts effectively.

Registered in England/Wales under the registration number 14058977, with a registered address at BN11 1RL, England, Worthing, Amelia House, Crescent Road.

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