Texex Ltd

Texex Ltd from Coventry UK: a small, active company founded three years ago, employs just one person, and holds £27,500 in assets. Run by a solo founder, director, and owner, Maqsood Faiza, the company operates from a real address and has a status of active. It meets two of three conditions to be considered small – turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Texex Ltd's online presence reveals a focus on burgers and takeaway food. The company's website, Texas Chicken Ltd, advertises itself as a go-to spot for authentic burgers in Park End Rd, offering online ordering and delivery. It's clearly an e-commerce business, leveraging online platforms to reach customers and facilitate orders. The website's focus is on convenience and tasty food.

Financially, Texex Ltd's picture is a bit concerning. Cash reserves have completely vanished, dropping a staggering 100% to zero. Current assets have also fallen significantly, down 59% to £28,000. Creditors have decreased by 44%, to £50,000, and loans from directors have also decreased by 43% to £50,000. Equity has declined slightly, to -£23,000. While the decrease in debt is a positive sign, the complete depletion of cash reserves and the negative equity suggest the company is burning through money. The lack of employees (just one reported) keeps costs low, but it also limits the company's ability to scale. As a small company, it's likely exempt from an audit, so the figures are unaudited. It’s not clear what the company is doing to improve its financial situation.

Registered in England/Wales under the registration number 13383011, with a registered address at CV7 8PE, United Kingdom, Coventry, 44 Ashbrook Court Prologis Park, Central Boulevard.

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