Oxfo Limited

Oxfo Limited is a small, active company based in Glasgow, UK, founded three years ago in September 2021. With £39,501 in assets and a virtual address shared by numerous other companies, it’s a solo-founded operation with two directors and one owner, Wang Xinyue. The company operates in a diverse range of industries, including the manufacture of electric motors and bicycles, retail via mail order, and even the repair of transport equipment.

The company's website, while not providing extensive details, suggests a focus on industrial and commercial activities. It’s not clear if they operate an e-commerce site, but the breadth of their listed activities indicates a B2B focus rather than direct consumer sales.

Financially, Oxfo Limited’s recent performance paints a mixed picture. Cash reserves have significantly declined by 63%, dropping to £39,000, while current assets have also decreased by 62% to £40,000. Trade debtors have surged by a remarkable 480%, reaching £940, suggesting a possible shift in payment terms or increased sales on credit. On the downside, retained earnings and accumulated losses have deepened by 140%, resulting in a net equity of -£110,000. Creditors remain stable at £86, indicating no immediate debt management concerns. Being a small company (meeting two of three conditions for size), Oxfo benefits from simplified reporting requirements and no need for an audit.

The company’s reliance on a virtual address and the substantial drop in equity raise questions about its long-term viability. While the surge in debtors could indicate growth, it also presents a risk if those payments aren’t collected. It seems like the business is struggling a bit, but it’s not necessarily a bad thing.

Registered in Scotland under the registration number SC709721, with a registered address at G2 4JR, Scotland, Glasgow, 272 Bath Street.

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