Trax Retail Ltd

Trax Retail Ltd, based in Borehamwood, UK, is a small, active company founded ten years ago in 2015. With seven employees and £1,071,213 in assets, it operates from a virtual address—a point of concern given that 267 other companies are registered at the same location. The company has four directors but no reported owners, a common situation for smaller entities. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of import activity recorded as of June 2019. The company’s core business involves other business support service activities.

The company’s website is non-existent, making it impossible to assess its online presence or e-commerce activities. It’s a bit strange that there's no website for a company that’s been operating for a decade.

Financially, Trax Retail Ltd presents a mixed picture. Cash bank on hand has dropped significantly by 84%, falling to just £37,000, which is a worrying trend. Creditors have decreased by 36%, which is a positive sign, suggesting better management of short-term debts. However, amounts owed by group undertakings have increased by 21%, reaching £990,000. Net assets have increased by 3.7% to £970,000, but the sharp decline in cash reserves is a cause for concern. Average number of employees has also decreased by 29%, falling to just five. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from a full audit, so the figures are unaudited.

It’s clear that Trax Retail Ltd is facing some financial pressures, despite the decrease in creditors. The drop in cash reserves and the increase in amounts owed by group undertakings suggest it may be burning through money. The decrease in employees is also a bit concerning, and it's possible the company is trying to cut costs.

Registered in England/Wales under the registration number 09468317, with a registered address at WD6 1JD, Borehamwood, Hertfordshire, 5 Elstree Gate, Elstree Way.

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