Friendly Ventures Limited

Friendly Ventures Limited, based in Eastbourne, UK, is a small, active company founded four years ago in 2020. It’s a solo founder operation with one director and a virtual address shared by 170 other companies, a bit unusual. With just one employee and £268,567 in assets, it’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company irregularly imports electrical machinery and equipment, with the last import operation recorded two months ago in January 2024.

The company’s website, Friendly Ventures, requires JavaScript to run, which isn't very descriptive, but it does suggest a modern, potentially web-based operation. It’s described as retail sale of computers, peripheral units and software in specialised stores. This indicates a focus on B2B or niche consumer markets, rather than broad retail.

Financially, Friendly Ventures Limited presents a mixed picture. Cash bank on hand increased dramatically by 330% to £36,000, which is good news, but accrued liabilities also increased, although not significantly. Trade creditors rose by a substantial 270% to £150,000, suggesting increased reliance on credit from suppliers. Debtors decreased by 23%, which could indicate improved cash flow management, or perhaps a reduction in sales. Equity, however, plummeted by 110% to just £1,400—a significant drop that warrants further investigation. The company’s net assets also decreased, although not as dramatically. With no auditor mentioned, the financial statements are unaudited, and the figures rely on director-reported data.

While the company’s cash position looks healthier, the decline in equity and increased trade creditors suggest it may be burning through money, typical for a startup. The management structure, with a single director and owner, is simple but could limit scalability. The virtual address and irregular import activity add a layer of complexity that needs to be considered.

Registered in England/Wales under the registration number 12697879, with a registered address at BN21 4RU, United Kingdom, Eastbourne, East Sussex, 29 Gildredge Road.

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