Multidigit Services Ltd

Multidigit Services Ltd from London UK is a small, active company founded six years ago in 2018. With two employees and £29,189 in assets, it operates a virtual address and has two directors and one owner. The business runs an e-commerce site, primarily selling GPS navigation devices, dashcams, sports cameras, and media players. It also offers accessories and even has a small selection of used clearance items.

The website showcases a range of products, from budget-friendly GPS devices to high-end media players. It’s clear that Multidigit Services Ltd caters to a tech-savvy customer base, offering a variety of options for navigation, entertainment, and connectivity. The site also features a newsletter signup and a customer support section, demonstrating an effort to engage with its audience. It’s a fairly basic website, but functional.

Financially, Multidigit Services Ltd is showing some concerning trends. While turnover isn’s reported, net assets have fallen to -£59,000, a significant drop from -£38,000 the previous year. Cash reserves have also dwindled, falling 62% to just £6,600. Bank borrowings have increased slightly, and creditors have risen by 43%. The company’s small size (meeting two of three conditions for a small company) does offer some flexibility, but the declining equity and cash position are a cause for concern. The lack of an auditor mentioned suggests the company is exempt, relying on unaudited financial statements. It’s possible the company is burning through cash to fuel growth, but the figures suggest a need for careful financial management.

Registered in England/Wales under the registration number 11532258, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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