Go2 Events Ltd

Go2 Events Ltd is a small, active company based in Manchester, UK, founded five years ago in February 2020. With just one employee and £40,203 in assets, it operates from a real address and is overseen by a single director and owner. Accounts are currently overdue by four months.

The company’s website, while minimal, reveals a diverse range of activities: retail sales via mail order and internet, travel agency services, tour operation, and even providing other business support services. It’s a broad scope for a small operation. While no detailed e-commerce presence is apparent, the breadth of services suggests a flexible business model, perhaps catering to a variety of clients.

Financially, Go2 Events Ltd paints a concerning picture. Net assets have plummeted by a staggering 310%, leaving the company with a negative equity of -£4,400. Cash reserves have also shrunk dramatically, falling 87% to just £480. Bank borrowings, however, remain steady at £10,000, and creditors are also unchanged. Trade debtors have decreased slightly, which is a positive sign. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it avoids more rigorous reporting requirements, but the lack of cash and negative equity are worrying. No auditor is mentioned, likely due to its small size and exemption from an audit.

The company’s reliance on retained earnings and accumulated losses suggests it’s burning through cash faster than it’s generating revenue. While the diverse range of services offers potential, the financial strain indicates a need for careful management and possibly a shift in strategy. It's a tricky situation, but hopefully, Go2 Events Ltd can turn things around.

Registered in England/Wales under the registration number 12445385, with a registered address at M1 2FB, England, Manchester, 806 61 Houldsworth Street.

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