X Worldwide Limited

X Worldwide Limited, based in London, UK, is a small, active company founded nine years ago in 2016. With just £34,400 in assets and three employees, it operates from a virtual address shared by twenty-four other companies, a fact that raises some questions. The company is led by a solo founder and director, Baluch Asir, who also owns the business. It boasts a perfect 5.0 Google rating based on a single review. X Worldwide Limited specializes in importing wood and wood products, though its import activity has been irregular, with the last recorded import dating back to January 2022. The company's website, while not providing detailed information, indicates it operates within the wholesale of wood, construction materials, and sanitary equipment industries.

The company's financial picture presents a mixed bag. Current assets have dramatically fallen, dropping by 93% to just £34,000, while net assets have plunged into negative territory at -£37,000. Bank borrowings have decreased, but cash reserves have also seen a significant decline. Creditors have also decreased, which is a positive sign. The company's small size (meeting two of three criteria for a small company) allows for agility, but the substantial equity drop is concerning. With no auditor mentioned, the figures are unaudited.

Despite the concerning financial trends, X Worldwide Limited maintains a strong Google rating and operates within a niche market. The company’s irregular import activity and shared virtual address are factors to consider, but its solo founder and director model suggests a lean, potentially adaptable business.

Registered in England/Wales under the registration number 10072323, with a registered address at E14 5NR, England, London, Level 18 40 Bank Street, Canary Wharf.

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