Stockify Ltd

Stockify Ltd is a small, active company based in Woodford Green, UK, founded five years ago in November 2019. The company holds £15,788 in assets and operates from a virtual address, sharing space with thirty-nine other businesses—a little unusual. It’s a solo-run operation with one director and owner, Kordrostami Danial, at the helm. The company’s core business revolves around retail sales via mail order and the internet, as well as other retail sales not conducted in physical stores.

The company’s website, while not fully fleshed out, indicates a focus on online retail. There’s no clear indication of a fully developed e-commerce platform, but the site does mention the retail sale of goods. It’s a bit unclear exactly what Stockify Ltd sells, but the business seems to operate primarily through online channels.

Financially, Stockify Ltd presents a mixed picture. Net assets declined by 10% to -£29,000, indicating ongoing losses. Cash reserves remain low at just £8, while bank borrowings have decreased slightly to £43,000. Trade debtors have also fallen, suggesting improved collection of payments. 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 negative equity and low cash reserves are concerning. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Stockify Ltd appears to be a small, online retail business facing challenges. While the company’s niche focus and low overheads could be advantages, the negative equity and low cash reserves suggest a need for careful financial management.

Registered in England/Wales under the registration number 12312230, with a registered address at IG8 0XA, England, Woodford Green, 1-2 Johnston Road.

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