Kt20 Direct Ltd

Kt20 Direct Ltd is a small, active company based in London, UK, founded four years ago in March 2021. With a single employee and a real registered address, it’s a solo-founded operation led by a director and owner, Bishop Michael Edmund. The company operates in the retail sale via mail order houses or via internet industries. It's a regular importer, with its top import category being Ships, Boats, and Floating Structures, totaling four months of imports, the latest in June 2023.

The company's website is minimal, suggesting a focus on direct sales rather than a complex online storefront. It's difficult to tell if the company has an ecommerce site, but it’s likely that it operates through a third-party platform.

Financially, Kt20 Direct Ltd presents a mixed picture. While it meets the criteria for a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its equity has declined significantly, from -£62,000 to -£40,000. Net current assets have also decreased, falling from £41,000 to £34,000. Creditors have dropped by nearly 30%, suggesting better debt management, but bank borrowings have increased. Cash reserves remain low, at just £1. The company’s tax liability has also increased. There’s no auditor mentioned, likely due to the small company exemption.

The company's reliance on imports, particularly in the shipping and boating sector, could be vulnerable to global supply chain disruptions. The decline in equity suggests the business may be burning through cash, although the decrease in creditors is a positive sign. It's difficult to say whether this is a temporary setback or a longer-term trend, but the company’s solo founder structure may limit its ability to scale.

Registered in England/Wales under the registration number 13254131, with a registered address at SE23 2TN, England, London, 1 Hawkesfield Road.

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