Multiquotetime Ltd

Multiquotetime Ltd from Ipswich UK: a small, active company founded three years ago, employs a single person, and holds just £103 in assets. Operating from a virtual address—where 426 other companies are also registered—it's a solo founder venture with one director and owner, Turley Eamonn, running an e-commerce site. The company specializes in retail sales via mail order and internet, and web portals.

The website itself doesn's provide much detail, but it seems to be focused on the retail sale of goods online. There's not much to say about the site itself, really.

Financially, Multiquotetime Ltd is facing some challenges. While the company is small, meeting two of three conditions to be considered small (turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees), the numbers paint a concerning picture. Net assets have plummeted to -£1100, a significant drop from the previous year. Cash bank on hand has also decreased by 80%, leaving just £100. While creditors have decreased, the surge in loans from directors—now at £3100—suggests the company is relying on personal funding to stay afloat. Trade debtors are at zero, which could indicate difficulty collecting payments.

It's clear the company is burning through money, and the lack of employees (just one reported) means it’s operating with minimal resources. The absence of an auditor (likely exempt due to its small size) means these figures are unaudited. Overall, Multiquotetime Ltd is in a precarious position, and its long-term viability remains uncertain.

Registered in England/Wales under the registration number 14048779, with a registered address at IP1 1RJ, England, Ipswich, Suffolk, 50 Princes Street.

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