Fea Card Limited

Fea Card Limited, a small holding company based in London, UK, has been active since its founding six years ago in 2018. Employing nine people, the company holds assets totaling £1,427,148. While it operates an e-commerce site, its registered address is likely a virtual one, shared by fourteen other companies. A single director and owner manage the business, which operates in the retail sale via mail order houses or via internet, and other information technology service activities.

The company's website, Bits, focuses on helping individuals build credit. It offers a digital card and store card, both designed to be used within the Bits ecosystem. The site emphasizes a mission to build credit without incurring debt and offers a range of services, including rent reporting and a marketplace. The Bits Credit Card is a physical card usable worldwide, while the Bits Store Card is a digital card usable only within the Bits store, offering a 70/30 payment structure. The site also highlights its partnerships with Plaid for account information services and Mastercard for card processing.

Financially, Fea Card Limited shows a mixed picture. While current assets increased by a substantial 64% to £1,400,000, net assets have surged by 160% to £1,100,000. However, bank borrowings have increased significantly, and cash reserves have decreased. Trade debtors have also risen considerably, suggesting potential challenges in collecting payments. The company 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. There is no mention of an auditor, which is typical for small companies. The company's reliance on unaudited figures means the financial picture should be viewed with caution.

Registered in England/Wales under the registration number 11620703, with a registered address at NW1 9QS, England, London, Camden Gateway, 349 Royal College Street.

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