X Construct Ltd

X Construct Ltd is a small, holding company based in London, UK, with an active status. Founded six years ago in February 2019, it employs thirteen people and holds assets totaling £4,853,003. The company operates from a virtual address, registered at 3 Coldbath Square, which is shared by many other businesses, and is overseen by five directors and two owners. X Construct Ltd regularly imports furniture, lighting, and prefabricated buildings, with nineteen months of import activity recorded, the latest in February 2025.

The company's website, xconstructltd.co.uk, describes itself as specializing in the development of building projects and the construction of commercial buildings. It doesn's appear to be an e-commerce site, but rather a professional services provider. The site highlights expertise in project management, design, and construction, targeting commercial clients.

Financially, X Construct Ltd’s recent performance shows some concerning trends. While current assets remain relatively stable at £4.9 million, cash bank on hand has plummeted by 56%, dropping to £820,000. Net assets have also decreased by 29%, settling at £470,000. Debtors have increased significantly by 30%, reaching £4 million, which could indicate difficulties in collecting payments. On a positive note, creditors have decreased by 18%, suggesting improved debt management. Dividends paid remained consistent at £1.1 million. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, likely due to the company’s small size.

The sharp decline in cash reserves and net assets, coupled with the increase in debtors, raises questions about the company’s financial health. While the decrease in creditors is a positive sign, it doesn’t fully offset the negative trends. The lack of an auditor mentioned in the report adds to the uncertainty. It seems the company is burning through money, and it's important to monitor its financial performance closely in the coming months.

Registered in England/Wales under the registration number 11842679, with a registered address at EC1R 5HL, England, London, 3 Coldbath Square.

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