Utilis Products Ltd

Utilis Products Ltd, hailing from London, UK, is a small, active company founded nine years ago. With a single employee and £3,505 in assets, it operates from a virtual address shared by over 90,000 other businesses, a bit unusual, really. Two directors and a solo founder, Gibb David, steer the ship. The company specializes in retail sales via mail order and the internet, focusing on reflective safety gear under the brand name Ambidextrous.

The website highlights a range of products, from vests to bands, designed to increase visibility and safety for runners, cyclists, and walkers. It's a clear ecommerce operation, with a focus on online sales and marketing. The site emphasizes quality, functionality, and customer satisfaction, with a blog and FAQs section to support the brand. They even have a page dedicated to annual US road traffic statistics, highlighting the importance of safety gear.

Financially, Utilis Products Ltd presents a mixed picture. Current assets increased by a modest 27% to £3,500, but net assets plummeted 19% to -£62,000. Bank borrowings increased by a significant 87%, reaching £1,700, while cash reserves also grew by 87%. Creditors increased by 19% to £66,000, and trade debtors decreased by 9%. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the negative equity is a concern. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, Utilis Products Ltd seems to be navigating a challenging financial landscape. While the ecommerce side appears active and well-marketed, the negative equity suggests it’s burning through money. Whether the company can sustain its operations and turn a profit remains to be seen, but they are clearly focused on a niche market with a strong safety message.

Registered in England/Wales under the registration number 09887151, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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