Founderpass Ltd

Founderpass Ltd is a small, active company based in Rayleigh, UK, founded ten years ago in 2015. With just one employee and £75,787 in assets, it operates from a virtual address—a detail highlighted by the fact that sixty-seven companies are registered at the same location. The company is led by a single director and owner, Bramwell Max James William, who also serves as the solo founder.

Founderpass Ltd operates in the retail sale via mail order houses or via internet industries. Its website, Founder Startup Discounts, acts as a membership platform offering discounts and perks to founders and businesses. It's a marketplace for software, tools, and services, boasting over 3 million perks and catering to entrepreneurs. The site features a wide range of categories, from AI tools to website design, and actively promotes its partnerships with companies like Google Workspace, Xero, and TikTok. The website has a blog and review section, which are regularly updated.

Financially, Founderpass Ltd shows a mixed picture. Cash bank on hand increased significantly by 250%, reaching £71,000, while bank borrowings rose by 15% to £12,000. Creditors also increased by 15% to £12,000, but other creditors decreased by 80% to £5,300. Net assets and net current assets both experienced a dramatic increase, rising by 330% to £43,000 and 780% to £55,000 respectively. Tax liabilities increased by 510% to £13,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the increase in tax liabilities and creditors warrants a closer look. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s growth seems to be driven by its membership model, but the financial data suggests it's burning through cash faster than it's bringing it in. It’s possible that the company is investing heavily in marketing and partnerships to acquire new members, which could explain the increase in expenses.

Registered in England/Wales under the registration number 09389617, with a registered address at SS6 7UY, England, Rayleigh, Essex, 3 Totman Crescent.

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