Set E-commerce Ltd

Set E Commerce Ltd is a small, active company based in Portsmouth, UK, founded eight years ago in December 2016. It employs just one person and holds £5,016 in assets, operating from a virtual address shared by eighteen other companies. The company is led by one director and owner, Setford Lee. It operates in the retail sale via mail order houses or via internet industries.

The company’s website is currently unavailable, so it’s difficult to determine the specifics of its e-commerce operations. However, the description suggests a focus on online retail, likely selling goods directly to consumers through an online store. The lack of a functioning website, however, raises questions about its current activity and reach.

Financially, Set E Commerce Ltd presents a concerning picture. Net assets have plummeted dramatically, falling by over 2,100% to -£2,600, indicating significant losses. Cash reserves have also declined sharply, falling by 82% to just £270. Bank borrowings have decreased significantly, falling by 93%, which could be a positive sign of reduced debt. However, the decrease in current assets by 65% to £5,000 and a corresponding drop in trade debtors by 67% suggest a struggle to generate revenue. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial losses and dwindling cash reserves are a cause for concern. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Set E Commerce Ltd appears to be facing financial difficulties. While the company’s niche in online retail could offer potential, the current trends suggest it’s burning through money. The lack of a functioning website and the negative equity raise serious questions about its long-term viability.

Registered in England/Wales under the registration number 10518212, with a registered address at PO3 5EE, United Kingdom, Portsmouth, Hampshire, 259 Copnor Road Copnor.

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