Venzard Ltd

Venzard Ltd from Manchester, UK, is a small, active company founded six years ago. With just two employees and £107 in assets, it's a solo-founder operation led by a single director and owner, Ahamed Showrov. The company operates in both retail sale via mail order and internet, and information technology consultancy activities.

The company’s website showcases a wide range of services, from application CRM and website development to mobile app creation and web hosting. It also offers specialized solutions for life sciences, graphic design, and even education. Venzard seems to be targeting a diverse clientele, offering services for e-commerce businesses, startups, and established enterprises alike. They even provide services for Oracle, Salesforce, and SAP, indicating a focus on enterprise-level solutions.

Financially, Venzard Ltd presents a concerning picture. Current assets have dramatically decreased to just £110, a 99% drop, while net assets have plummeted to -£32,000. Bank borrowings have also increased, and cash reserves are completely depleted. It’s a big change from the previous year, where there was £13,000 in cash. Creditors have increased, suggesting the company is relying on credit to keep operations running. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) may offer some flexibility, but the sharp decline in equity is a significant red flag. No auditor is mentioned, which is typical for small companies exempt from an audit.

While Venzard Ltd’s website projects an image of technical expertise and diverse service offerings, the financial data suggests a company struggling to maintain solvency. It’s possible the company is reinvesting heavily in growth, but the lack of cash reserves and the increasing reliance on credit raise serious questions about its long-term viability.

Registered in England/Wales under the registration number 11372910, with a registered address at M18 8PG, England, Manchester, 36 Carberry Road.

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