Mytask Ltd

Mytask Ltd is a small, active company based in Swindon, UK, founded two years ago. With just £2 in assets and a turnover of £1,764, it’s a modest operation run by a solo founder who also serves as director and owner. The company operates an e-commerce site and provides services related to agents involved in the sale of a variety of goods, retail sale via mail order houses or via internet, and management consultancy.

The website reveals a focus on office management software for chartered accountants and tax practitioners. It offers a range of features, including work management, staff management, financial management, invoicing, and digital signature management. The site heavily promotes its software through customer testimonials, highlighting its ability to streamline office processes and improve efficiency. The software is designed to be cloud-based, accessible from any device, and offers features like client login portals and income tax return status checkers. It’s a well-designed site, with a clear focus on practical features and customer support.

Financially, Mytask Ltd presents a picture of a very small, potentially struggling business. Net assets are a negative £730, indicating accumulated losses outweigh assets. Cash bank on hand is zero, and operating loss is also £730. While turnover is £1,800, it’s not enough to cover expenses. Creditors are £730, suggesting the company is relying on short-term borrowing to stay afloat. The lack of employees (zero reported) points to a lean operation, but the financial losses raise concerns about long-term sustainability. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Despite the challenging financials, Mytask Ltd's focus on a niche market—office management software for professionals—and its emphasis on practical features could provide a path to growth. However, the company will need to address its losses and improve its cash flow to ensure its long-term viability.

Registered in England/Wales under the registration number 14468682, with a registered address at SN25 2QQ, England, Swindon, 26 Toynbee Avenue, Tadpole Garden Village.

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