Platex Ltd

Platex Ltd from Ilford UK: a small, active company founded 12 years ago, employs just one person, and holds £5,888 in assets. It’s a solo founder operation with a real address and a single director. The company has been running for a good while, incorporated on December 27, 2012, and has a real address with only two companies registered there.

The company's website, PlateX, positions itself as the UK's Private Plate Portal, specializing in the buying and selling of private number plates. It seems like they operate primarily online, offering a platform for number plate enthusiasts. The site is quite detailed, offering a range of search options and even a valuation tool. It’s a niche market, but one with a dedicated following.

Financially, Platex Ltd shows a mixed picture. Current assets have decreased by 14%, falling to £5,900, while net assets have dropped significantly, increasing from -£2,600 to -£3,400. Cash reserves have also declined by 13%, sitting at £5,300. Trade creditors have increased by 23%, reaching £9,200. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the equity decline suggests it’s burning through cash. The accounts are unaudited and are described as “filleted accounts” – a common practice for small companies.

The company's reliance on a single employee and the decrease in cash reserves suggest it’s operating on a tight budget. While the private plate market might be lucrative, Platex Ltd needs to carefully manage its finances to ensure its long-term sustainability.

Registered in England/Wales under the registration number 08341266, with a registered address at IG1 2TS, England, Ilford, 135 Henley Road.

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