Gadget Swap Ltd

Gadget Swap Ltd from Birmingham, UK, is a small, active company founded twelve years ago in 2012. With just two employees and £145,035 in assets, it’s a solo-founded operation managed by a single director and owner, Qadir Mohammad. The company boasts a solid Google rating of 4.0 based on 151 reviews, indicating positive customer experiences. Accounts and confirmation statements are currently overdue by a month, which is something to keep an eye on.

Gadget Swap Ltd operates in the retail sale via mail order houses or via internet industries, and the company’s website suggests a focus on mobile phone repair and related services. While a full e-commerce presence isn’t immediately apparent, the business likely leverages online platforms to reach customers. It's a retail business, but it seems to be a bit small.

Financially, Gadget Swap Ltd’s recent performance presents a mixed picture. Cash bank on hand has decreased by 21% to £55,000, while current assets have grown by 63% to £150,000. However, retained earnings and accumulated losses have plummeted by a staggering 1100%, resulting in a negative equity of -£16,000. Creditors have remained relatively stable, but trade creditors have increased by 24%. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the significant drop in equity is concerning. No auditor is mentioned, likely due to its small size and exemption from an audit. The company is likely burning through money, but it's not clear if this is a temporary issue or a longer-term trend.

Registered in England/Wales under the registration number 08167395, with a registered address at B2 4TX, England, Birmingham, Unit 5 City Arcade.

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