Pound Up Ltd

Pound Up Ltd from London UK: a small, active company founded two years ago, boasts £36,651 in assets, operates from a virtual address, and is led by a single director and owner, who is also the solo founder. The company meets two of the three conditions to be considered small: turnover under £10.2 million and a balance sheet total under £5.1 million, with fewer than 50 employees.

The business operates in the retail sale via mail order houses or via internet industries. While details about the company's website are unavailable, this suggests an e-commerce focus. It's likely the company sells products online, although specifics about the product range are not clear.

Financially, Pound Up Ltd presents a mixed picture. Current assets have seen a significant increase, jumping 37,000% to £37,000, a positive sign. However, equity has also experienced a substantial drop, falling 27,000% to -£27,000. Bank borrowings remain steady at £64,000. The company’s small size helps it stay nimble, but the equity decline warrants attention. The lack of employees (just one reported) indicates a lean operation. The accounts are described as "Filleted Accounts" and are unaudited, which is common for small companies.

The company’s financial health is somewhat precarious. While current assets are up, the negative equity suggests the company is burning through cash. The steady bank borrowings could indicate reliance on credit to maintain operations. It’s possible the company is still in a growth phase, reinvesting profits back into the business, but the trend needs to be monitored. The director, Ajaz Mohammad, seems to be carrying the business forward, and it remains to be seen if Pound Up Ltd can achieve sustainable profitability.

Registered in England/Wales under the registration number 14473284, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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