Galaxy Ict Consultancy Limited

Galaxy Ict Consultancy Limited, based in Kingston Upon Thames, UK, is a small, active company founded eight years ago. With just two employees and £3,176 in assets, it's a solo-founder operation led by a single director and owner, Akbaba Faik. The company operates in several industries, including retail sales via mail order, IT consultancy, and business support services. Its registered address is real, with only two other companies sharing the same location.

The company’s website, while not fully detailed, suggests a focus on IT services and potentially some e-commerce activity. It's difficult to say exactly what they're selling online without further information, but the mention of "software" hints at digital products or services.

Financially, Galaxy Ict Consultancy Limited appears to be struggling. Current assets have plummeted by a staggering 87%, dropping to just £3,176. Net assets have also seen a significant decline, falling 130% to -£4,300. Bank borrowings have decreased, which is positive, but cash reserves have also fallen considerably. Creditors have also decreased, which could indicate better management of debt. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor (likely exempt due to its size) means the figures are unaudited.

The sharp decline in assets and equity suggests the company may be burning through cash, and it’s important to monitor its financial health closely. It’s possible the company is reinvesting in its business, but the significant losses raise concerns. The fact that the company is still active, despite these challenges, shows resilience.

Registered in England/Wales under the registration number 10410034, with a registered address at KT1 1DA, England, Kingston Upon Thames, Gough House, Rooms 1&2, 57 Eden Street.

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