Flyp Ltd

Flyp Ltd is a small, active company based in London, UK, founded five years ago in 2020. It employs two people and holds assets valued at £635,512. The company operates from a virtual address, registered with 513 other companies, and is led by two directors and one owner. Flyp Ltd specializes in retail sales via mail order houses or via the internet.

The company's website highlights a unique approach to selling homes, acting as a network that connects homeowners with multiple estate agents to achieve faster sales and higher prices. It’s not your typical estate agency; instead, it positions itself as a platform that leverages competition among agents to benefit sellers. The site details a three-step process: valuing the property, improving it (with potential financial assistance), and selling it through a network of agents. Case studies showcase successful sales, and statistics emphasize the potential for homeowners to lose money when selling traditionally. The site also features a blog and contact form, encouraging engagement and offering support. It's clearly an e-commerce business, facilitating transactions and providing a service rather than directly selling property.

Financially, Flyp Ltd presents a mixed picture. Current assets have decreased by 18%, dropping to £640,000, while net assets have fallen by 46%, reaching £1,900,000. Bank borrowings have remained relatively stable, at £200, although creditors have increased significantly, by 310%, reaching £31,000. Debtors have plummeted by 80%, which could be a good sign of improved cashflow, but also suggests a reduction in sales on credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) allows it to remain nimble, but the decrease in equity warrants attention. The company is exempt from an audit, and the financial statements are unaudited.

Registered in England/Wales under the registration number 12536018, with a registered address at WC1X 8TA, England, London, New Derwent House, 69-73 Theobalds Road.

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