Volfix Limited

Volfix Limited is a small, active company from London, UK, founded six years ago in July 2018. It’s a tight-knit operation with two directors and two owners, holding £216,318 in assets and generating £871,623 in yearly revenue. The company's registered address is a real address, shared by only one other business, suggesting a relatively low-profile presence.

Volfix Limited operates in both retail sales via mail order and internet, and business and domestic software development. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company's website is not available, so it’s difficult to determine if it’s an e-commerce business.

Financially, Volfix Limited has seen some concerning trends. While gross profit loss increased by 10%, net profit loss decreased by 33% to £41,000. Cash bank on hand increased by 5%, but current assets decreased by 13% to £220,000. Trade debtors have fallen significantly by 76%, which could be a positive sign of improved collection efficiency, or it could mean a reduction in sales. Creditors have also decreased, suggesting better debt management. It’s worth noting that administrative expenses increased by 23%, which could be impacting profitability. The company’s equity increased by 36%, which is good, but the decrease in turnover revenue by 37% is a significant concern. No auditor is mentioned, which is typical for a small company exempt from an audit.

Overall, Volfix Limited appears to be facing some financial headwinds. The decrease in turnover revenue is a particular worry, and the company will need to address this to ensure its long-term viability. It’s possible that the company is experiencing a temporary slowdown, or it could be facing increased competition. The management team, consisting of Gryshchenko Vasyl and Kushnir Igor, will need to carefully monitor the company’s performance and take corrective action as needed.

Registered in England/Wales under the registration number 11475642, with a registered address at EC1Y 1AA, England, London, C/O Law & Tax International Solutions,, 25, City Road.

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