Gadgetxchangegroup Ltd

Gadgetxchangegroup Ltd, based in Banbridge, UK, is a small, active company founded four years ago. Employing fourteen people, it holds £116,497 in assets and operates a real address, managed by four directors and two owners. The company runs an e-commerce site and regularly imports electrical machinery and equipment, with nineteen months of import activity recorded, the latest in January 2024. It’s also involved in the retail sale of mobile telephones and the repair of consumer electronics.

The company's website, GadgetXchange, showcases a wide range of Android phones, iPhones, Xbox consoles, PlayStation consoles, computing devices, smartphone accessories, iPads, and gaming equipment. It offers free shipping on orders over £50 and supports various payment options, including Klarna and Clearpay. The site also features a blog with product buying guides and grading information, demonstrating a focus on customer education and support.

Financially, Gadgetxchangegroup Ltd presents a mixed picture. While net assets increased by 73% to £170,000, cash bank on hand decreased by 41% to £37,000. Creditors decreased by 22% to £210,000, suggesting improved debt management. However, average number of employees during the period decreased by 14%, and trade debtors increased significantly to £20,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in cash reserves could indicate tighter margins. The accounts are abridged and unaudited, and no auditor is mentioned, which is common for small companies. The company is using FRS accounting standards.

Registered in Northern Ireland under the registration number NI677076, with a registered address at BT32 3EA, Northern Ireland, Banbridge, 81 Newry Street.

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