Keep On Exploring Limited

Keep On Exploring Limited, based in Chorleywood, UK, is a small, active company founded ten years ago in 2015. With a single employee and £237,077 in assets, it operates from a virtual address shared by ninety-eight other companies, which is a little odd. The business is led by one director, and there are no officially listed owners.

The company specializes in retail, selling textiles, clothing, and footwear through stalls, markets, and online. It’s a small operation, meeting two of the three criteria for being classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website is not available, so it’s difficult to determine the extent of its online presence or e-commerce activities.

Financially, Keep On Exploring Limited shows some concerning trends. While cash reserves increased by a significant 280%, reaching £11,000, net assets declined by 53%, dropping to £6,700. Creditors increased substantially, jumping 54% to £190,000, which could indicate growing debt. Trade debtors also rose, though at a more moderate 54%. Bank borrowings remained relatively stable, at £38,000. It’s a little strange that the company’s retained earnings and accumulated losses decreased so much. The accounts are unaudited and prepared under the small entities regime, and the company’s director, Mr. Roberts Scott, is responsible for ensuring they comply with the regulations.

Overall, Keep On Exploring Limited appears to be facing some financial pressure. The increase in creditors and decrease in equity suggest the company may be burning through cash, though the rise in cash reserves offers a glimmer of hope. The lack of owners and the virtual address are also points to consider, but without more information, it’s hard to draw firm conclusions.

Registered in England/Wales under the registration number 09380910, with a registered address at WD3 5EX, United Kingdom, Chorleywood, Hertfordshire, West Clayton Business Centre, Berry Lane.

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