Sidequest Meta Ltd

Sidequest Meta Ltd is a small, active company based in London, UK, founded six years ago in 2019. With £1,404,612 in assets and a virtual address, the company employs seventeen people and is led by a single director and owner, Chen Zhaorong. It’s a regular importer of electrical machinery and equipment, with eighteen months of import activity recorded, the latest in August 2024.

The company operates in the “other service activities n.e.c.” industries, which is a broad category. It also owns a company called Sidequest Hub Ltd. Previously known as Uk Wanyoo Gaming Ltd, it seems to have shifted focus. The website is currently unavailable, so it’s difficult to determine the exact nature of its services beyond the import activity.

Financially, Sidequest Meta Ltd presents a mixed picture. While current assets increased by 50% to £1,400,000, net assets decreased by 58% to -£4,200,000. Bank borrowings decreased by 44% to £12,000, and cash reserves increased by 150% to £57,000. Creditors, however, increased dramatically by 2400% to £560,000, which is a significant concern. Trade debtors also increased by 48% to £1,300,000. 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 remain nimble, but the substantial equity decline suggests a possible cash flow challenge. The unaudited financial statements, exempt due to its size, rely on director-reported data.

The significant increase in creditors, coupled with the decrease in equity, suggests Sidequest Meta Ltd may be burning through cash faster than it’s generating revenue. It’s possible the company is investing heavily in its import operations or facing increased costs. The lack of a website makes it difficult to assess the company’s marketing efforts and customer base. The fact that the address is virtual, with eleven companies registered there, is a little odd.

Registered in England/Wales under the registration number 11846594, with a registered address at E14 9GE, United Kingdom, London, Suite 9.05, Exchange Tower, 1 Harbour Exchange Square.

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