Watzdis Ltd

Watzdis Ltd from Teddington UK: small company, active status, founded 11 years ago, £2,993 assets, yearly revenue: £7,838, virtual address, 1 director, 1 owner. It's a small business, meeting two of three conditions to qualify: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in a diverse range of industries, including retail computer sales, software development, and business support services. Its registered address is a virtual one, shared by eighty-two other companies, which is a little unusual. Alberti Mihaly is both the director and owner, and no number of employees are published.

The company’s website, Aviation Chronicles, is currently in waitlist mode, promising a unique narrative experience for flight simulation enthusiasts. It aims to add story and missions to existing flight simulators like XPlane, Microsoft Flight Simulator, and DCS, offering a "waitlist" and "Beta Program" for early access. The site emphasizes a journey through aviation history, with a dedicated aircraft and storyline each season. It’s clear the company is focused on a niche market, leveraging the popularity of flight simulation software.

Financially, Watzdis Ltd shows a mixed picture. While turnover jumped significantly, from £680 to £7,800 – a 1100% increase – it’s not all good news. Net assets declined by 5.2%, and bank cash fell 43% to £3,000. Administrative expenses increased dramatically, rising 290% to £3,900, and cost of sales increased by a whopping 1200%. The company’s operating profit loss, however, swung from -£610 to £210 – a remarkable turnaround. Trade creditors also increased by 48% to £6,800. Given the small size of the company, it’s likely exempt from an audit, and the unaudited figures are based on director-reported data. It seems like the company is growing fast, but it’s burning through cash to fuel that growth. The big increase in administrative expenses could be due to marketing efforts to build anticipation for Aviation Chronicles.

Registered in England/Wales under the registration number 08877439, with a registered address at TW11 9JP, England, Teddington, 171 Kingston Road.

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