Reachdesk Ltd

Reachdesk Ltd, a small, active company based in London, UK, was founded six years ago in 2018. The company employs 63 people and holds £7,246,831 in assets, operating from a virtual address. It's managed by a single director and has no reported owners. Reachdesk regularly imports and exports clothing and accessories made by knitting or crocheting, with 60 months of import activity and 23 months of export activity recorded.

The company's website positions it as a provider of global, personalized corporate gifting solutions. It offers a platform for businesses to send gifts to clients and employees, integrating with popular marketing and sales tools like Salesforce, Marketo, and HubSpot. Reachdesk emphasizes ROI, personalization, and data-driven insights, highlighting case studies and testimonials from satisfied customers. It’s clearly aiming to be a one-stop shop for corporate gifting, offering everything from sourcing and warehousing to global shipping and reporting.

Financially, Reachdesk Ltd shows some concerning trends. Accumulated depreciation has increased significantly, jumping 150% to £210,000, while bank borrowings have decreased by 72% to £6,100. Cash reserves, however, have surged 290% to £2,900,000. Creditors have risen by 100% to £22,000,000, and net assets have plummeted 140% to -£14,000,000. The average number of employees has increased by 46% to 92, which is a lot for a small company. 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 agile, but the sharp equity drop raises questions. The unaudited figures, and the lack of a named auditor, rely on director-reported data.

It's clear Reachdesk is focused on growth and expanding its client base, but the financial data suggests it may be burning through cash to achieve that growth. The company's success hinges on its ability to generate sufficient revenue to offset its rising costs and maintain the support of its parent entity.

Registered in England/Wales under the registration number 11735697, with a registered address at EC2A 4NE, England, London, 86-90 Paul Street.

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