Touchpaper Digital Limited

Touchpaper Digital Ltd from Chipping Sodbury, UK, is a small, active company founded twelve years ago in 2012. It employs three people and holds £59,118 in assets. The company has three directors and two owners, and operates from a real address. It’s a regular importer, primarily of leather goods, travel bags, and animal harnesses, with its last import activity recorded six months ago in July 2020.

The company’s website, touchpaperdigital.co.uk, showcases a digital marketing agency specializing in web design, SEO, and social media management. It appears to be a fully functioning e-commerce site, offering services to businesses of all sizes. The site is well-designed and professional, with clear pricing and testimonials from satisfied clients.

Financially, Touchpaper Digital Ltd presents a mixed picture. Current assets have decreased by 8.9% to £59,000, while net assets have fallen 16% to -£43,000. Bank borrowings have increased by 28%, reaching £14,000, and cash reserves have fallen 7.1% to £2,000. Creditors have also decreased by 14%, suggesting better debt management. 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 agility, but the equity decline is concerning. The company is exempt from an audit as a small company, so the figures are unaudited.

The company's retained earnings have decreased significantly, which could be due to reinvestment in growth or a period of lower profitability. The increase in bank borrowings suggests a need for additional funding, possibly to support expansion or cover operational costs. Overall, Touchpaper Digital Ltd seems to be navigating a challenging financial landscape, but its digital marketing services and professional website indicate a potential for future success.

Registered in England/Wales under the registration number 08300714, with a registered address at BS37 6LN, Chipping Sodbury, Bristol, Station House, Station Close.

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