Project X World Limited

Project X World Limited is a small, active company based in Totley, Sheffield, UK, established sixteen years ago in March 2009. With just two employees and £8,752 in assets, it operates as an e-commerce site and is managed by three directors, including a solo founder, Orford John. The company’s registered address is a real address, with only one other business registered there.

The business is primarily involved in retail sales via mail order and internet, as well as providing other information technology services. Its website showcases a wide range of office furniture, including office chairs, desks, and storage solutions, catering to businesses and individuals. The site features a modern design, product categories, and a secure shopping cart, indicating a focus on online sales. They even have a blog and a section dedicated to special deals.

Financially, Project X World Limited's numbers paint a mixed picture. Current assets have fallen by 27% to £8,800, and net assets have plummeted 100% to -£35,000 – a significant drop. Cash bank on hand has also decreased by 15%, falling to £530. However, creditors have increased by 50% to £44,000, which could be due to increased stock purchases to support online sales. The company’s small size (meeting two of three criteria for being small) helps it remain flexible, but the substantial equity decline raises concerns. As a small company, it is exempt from an audit, so the financial statements are unaudited.

The company’s website suggests a focus on providing quality office furniture and a good customer experience, but the financial data suggests it may be burning through cash. It’s unclear whether this is a temporary setback or a longer-term challenge, but Project X World Limited will need to manage its finances carefully to sustain its online business.

Registered in England/Wales under the registration number 06847682, with a registered address at S17 4AS, Totley, Sheffield, South Yorkshire, Holly Bush House, 38 The Grove.

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