Prepaid Games Ltd

Prepaid Games Ltd from Durham UK: small company, active status, founded 5 years ago, accounts overdue 9 months, confirmation overdue 6 months, £17,266 assets, virtual address, 1 director, 1 owner. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £17,266. The company was incorporated five years ago on September 25, 2019, and registered at DH1 1TW, England, Durham, Portland House, Belmont Business Park. The address is probably virtual as 203 companies registered at the same address. Its status is active. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director and no number of employees published.

Prepaid Games Ltd appears to be focused on online retail, although details on its website are scarce. The company's name suggests a focus on prepaid gaming products, but a deeper dive reveals a broader range of products. It's hard to say exactly what they're selling without more information, but it's likely they operate an e-commerce site. There's no obvious indication of a physical store or extensive offline presence.

Financially, Prepaid Games Ltd presents a mixed picture. Net assets have plummeted to -£2,800, a significant shift from the previous year’s -£1,400. Cash reserves have vanished completely, dropping 100% to zero. Bank borrowings, however, have increased to £11,000, and loans from directors have also risen to £6,400. Creditors have also increased, suggesting a reliance on short-term financing. The company’s small size helps it stay agile, but the sharp equity drop and lack of cash raise concerns about its financial stability. It’s worth noting that the accounts are unaudited and exempt from audit, so the figures rely on director-reported data. It seems like the company is struggling to stay afloat.

Registered in England/Wales under the registration number 12225805, with a registered address at DH1 1TW, England, Durham, Portland House, Belmont Business Park.

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