Remedy World Ltd

Remedy World Ltd is a small, active company based in London, UK, established a decade ago in June 2014. With three employees and £20,660 in assets, it operates from a real address and is managed by one director and owner, Agush Muhamed. The company’s activities involve non-specialised wholesale trade and retail sales via mail order and the internet.

The company’s website reveals a fascinating, if somewhat sprawling, operation. Primarily focused on video game development and publishing, Remedy Entertainment showcases titles like Alan Wake, Control, and Max Payne—many of which have been adapted into books, comics, concerts, and even a Hollywood movie. A key element of their technology is Northlight, a state-of-the-art game engine and toolset. The website also highlights a focus on recruitment, inviting both experienced and aspiring talent to join their projects, emphasizing a great work-life balance and benefits. It's clear that Remedy is aiming to create immersive, unique gaming experiences.

However, a closer look at the financial data paints a concerning picture. While the company is small, meeting two of three criteria for a small entity, its financial health is fragile. Cash bank on hand has plummeted by a staggering 80%, dropping to just £440. Current assets have also declined significantly by 53%, now standing at £21,000. Equity has taken a massive hit, falling by nearly 4000% to a negative £3,500—a clear sign of accumulated losses. Trade debtors have also decreased, which is good, but creditors have increased, and the company is borrowing more. The lack of employees (down to two) suggests a lean operation, but the overall trend points towards a company burning through cash. There's no auditor mentioned, which is common for small companies, so the figures are unaudited.

In conclusion, Remedy World Ltd appears to be facing financial challenges despite its creative output and established brand. While the company's focus on innovative gaming technology and recruitment is promising, the declining financial metrics raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 09080053, with a registered address at SE15 1LE, England, London, 8 Action House, 53 Sandgate Street.

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