Trade Simple Ltd

Trade Simple Ltd is a small, active company based in London, UK, founded five years ago in 2019. With £19,184 in assets and a virtual registered address, it’s a solo-founded operation run by a single director and owner. The business operates in the wholesale of household goods, and it’s an irregular importer of paper and paperboard products, with just two months of import activity recorded as of June 2023.

The company’s website, Plus500, is a global trading platform offering access to Forex, Shares, Options, and Commodities through CFDs. It emphasizes competitive spreads, trading analysis tools, and a user-friendly app—hallmarks of a modern brokerage. While the website is complex, it’s clear Trade Simple Ltd is leveraging this platform to facilitate its wholesale activities. The site also highlights regulatory oversight from Cyprus, the UK, Australia, New Zealand, and South Africa, suggesting a global reach.

Financially, Trade Simple Ltd shows a concerning trend. Net assets plummeted 68%, ending at -£27,000, and cash reserves fell 39% to £5,800. Bank borrowings decreased slightly by 10%, settling at £40,000, and current assets dropped by 42% to £19,000. Creditors increased by 7.3%, reaching £44,000, and trade debtors remained steady at £4,200. The company meets two of three criteria for being small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

In short, Trade Simple Ltd is facing financial pressures. While the Plus500 platform provides a sophisticated trading environment, the underlying business appears to be struggling. Whether it can turn the tide remains to be seen, but for now, the company is betting on its access to global markets to sustain its operations.

Registered in England/Wales under the registration number 12051462, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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