Wts 2020 Limited

Wts 2020 Ltd from London UK: a small, active company founded five years ago, employs six people, and holds £881,716 in assets. It operates from a virtual address, managed by one director and one owner. The company regularly imports iron or steel products (three months of activity) and exports aluminum and aluminum products (six months of activity).

The company’s website paints a picture of an international trade and investment consultancy, part of the larger Tayang Group Holding Plc based in Hong Kong. Wts 2020 Ltd focuses on cross-border trading and investment in silicone products—input devices for electronics, kitchenware—and has ventured into the retail sector with YoHome chain convenience stores, operating on a blockchain concept. The company's vision is to be a preferred partner in quality products and services, strengthening its brand profile and seeking growth through new ideas and partnerships. It boasts advanced quality control and certification systems.

Financially, Wts 2020 Ltd’s recent performance shows some concerning trends. Current assets have fallen significantly by 55% to £880,000, while net assets have plunged 78% to -£3.8 million. Bank borrowings have increased by 17% to £2.6 million, and cash reserves have dropped 53% to £7,500. Creditors have also risen by 13% to £5 million. The company's small size (meeting two of three conditions for a small company) helps it remain flexible, but the substantial equity decline warrants attention. Trade debtors have increased by 30% to £460,000, suggesting potential issues with customer payments. There’s no auditor mentioned, so the financials are unaudited. The company's average number of employees has remained constant at six.

Overall, Wts 2020 Ltd seems to be facing financial pressures, despite its international connections and diverse business interests. The company's focus on retail and its investments in new technologies may be contributing to these challenges, but the long-term viability of the business remains to be seen.

Registered in England/Wales under the registration number 12569786, with a registered address at W1W 5PF, England, London, 167-169 Great Portland Street.

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