Locustworld Limited

Locustworld Ltd from Banstead UK: a small holding company with an active status, was founded 24 years ago. It employs four people and holds £173,356 in assets, operating from a virtual address. The company has three directors and one owner. It's an irregular importer of clocks, watches, and their parts, with just two months of imports recorded, the last being in March 2022.

The company’s website, LocustWorld, focuses on providing new technologies for internet communication systems, particularly networks. Since 2002, LocustWorld Networks have been deployed globally, offering solutions from single access points to citywide networks. The company highlights its in-house research and development, advanced remote management systems, and flexible value proposition. It caters to various sectors, including corporate organizations, commercial businesses (like hotels and serviced offices), and community networks seeking cost-shared broadband solutions. A key feature is AdSplash, a sponsored internet service promoting sponsors' messages. The site also showcases a MeshBox device with extended functionality, offering features like web browsing, audio/video streaming, and connection to peer-to-peer networks.

Financially, Locustworld Ltd presents a mixed picture. While cash bank increased by 26% to £170,000, current assets decreased by 6.2% to £170,000. Equity dropped by 4.5% to £140,000, and net assets liabilities decreased by 4.5% to £140,000. Debtors, however, vanished entirely, dropping 100% to zero—a significant shift. Creditors increased by 130% to £2,900, and provisions decreased by 39% to £310. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 49 employees. The unaudited financial statements, which were prepared by Ascendant Partners Limited, don’t mention an auditor, which is typical for companies of this size.

The sudden drop in debtors is a notable trend, suggesting potential issues with customer payments or a change in credit policies. While the company's cash position remains healthy, the decline in equity and the increase in creditors warrant closer monitoring. Despite these challenges, Locustworld’s focus on niche technologies and its flexible business model could help it navigate these pressures.

Registered in England/Wales under the registration number 04183625, with a registered address at SM7 2LJ, England, Banstead, Surrey, Second Floor, Curzon House, 24 High Street.

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