Web Buys Ltd

Web Buys Ltd from London UK is a small company with an active status, founded eight years ago in 2016. It employs ten people and holds £784,773 in assets, operating from a virtual address shared by many other businesses. The company has two directors and one owner, Jabir Mohammed Azhar.

Web Buys Ltd operates in the retail sale via mail order houses or via internet industries, and its website showcases a digital marketing agency offering services like website design, e-commerce development, UX/UI design, SEO, and social media marketing. It seems they're more than just a retail operation, positioning themselves as a digital growth partner for small businesses, offering consultancy, transformation, and innovation services. The website’s focus is on sales, not just impressions.

Financially, Web Buys Ltd’s numbers present a mixed picture. Current assets decreased slightly to £780,000, while net assets increased by 29% to £290,000. Bank borrowings decreased significantly by 15%, and cash reserves increased by 29% to £440,000. Creditors decreased by 37%, suggesting better debt management. Trade debtors increased by 49%, which could be a good sign of growing sales, but also a potential risk if payments are delayed. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The company’s unaudited accounts, as a small company, rely on director-reported data.

The sharp increase in trade debtors is something to keep an eye on, and the company’s reliance on a virtual address raises questions about its physical presence. It’s a small company, but it’s growing, and its focus on digital marketing suggests a forward-thinking approach.

Registered in England/Wales under the registration number 10336876, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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