Site24 Ltd

Site24 Ltd is a small, active company based in London, UK, founded just one year ago in May 2023. It’s a solo-founded operation with two directors and one owner, Karaca Muhammed Enes, and holds just £1 in assets. The company operates from a virtual address shared by over 91,000 other businesses, a detail that warrants some scrutiny. Site24 Ltd primarily engages in retail sales via mail order and internet, alongside business and domestic software development.

The company's website, while not fully detailed, suggests an e-commerce focus, though specifics are lacking. It’s unclear exactly what products or services Site24 Ltd offers beyond these broad categories. The site's presence, however, indicates an effort to reach customers online.

Financially, Site24 Ltd presents a mixed picture. While the company reported a gross profit of £4,900, its net loss reached £3,000. Cash reserves are minimal at just £1, and bank borrowings are nonexistent. Administrative expenses remain steady at £1,900. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1 million, and fewer than 50 employees) allows for flexibility, but the negative profit and low cash balance suggest it’s operating on a tight margin. The lack of employees (zero reported) indicates a lean operation, likely managed by the director and owner. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data. It’s worth noting that dividends of £3,700 were paid out, which, given the low cash reserves, could indicate a reliance on external funding or a deliberate strategy to distribute profits early on.

Registered in England/Wales under the registration number 14863300, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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