Financiary Limited

Financiary Limited is a small, active company based in Leatherhead, UK, founded two years ago. It’s a solo founder operation with one director and employee, holding assets of £292,802. The company operates in the retail sale via mail order houses or via internet industries.

While the company’s website highlights its debt collection services, the financial data paints a more complex picture. Current assets have increased significantly by 190% to £290,000, which is good, but net assets have also jumped 290% to £130,000. Bank borrowings have increased by a staggering 140% to £170,000, and cash reserves have fallen by 8.7% to £50,000. Creditors have also increased by 140% to £170,000. The company's size—meeting two of three criteria for a small company—allows for agility, but the rise in debt suggests a need for careful financial management.

The company's debt collection services are provided through Cobra Financial Solutions, which employs a variety of methods, including bodycam technology and surveillance, to recover debts. The website showcases numerous success stories, highlighting the company’s ability to retrieve significant amounts of money for its clients. However, the financial data indicates a reliance on increased borrowing, which could be a risk.

The company is likely exempt from an audit due to its small size, meaning the financial information is unaudited. It’s clear that while Financiary Limited is actively pursuing debt recovery services, it’s also managing a growing debt burden, which will need to be addressed to ensure long-term financial health.

Registered in England/Wales under the registration number 14321221, with a registered address at KT23 3NU, England, Leatherhead, 5 Westfield Drive, Bookham.

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