X 2 Connect Limited

X2 Connect Ltd, based in Newark, UK, is a small holding company with an active status, having been established 21 years ago. Employing 35 people and holding assets of £1,412,225, it maintains a real address and is overseen by four directors and one owner, boasting a stellar Google rating of 5.0 based on 16 reviews. The company regularly imports electrical machinery and equipment (22 months) and exports furniture, lighting, and prefabricated buildings (13 months).

The company’s website reveals a unique focus: the restoration and sale of iconic British K6 red telephone boxes. X2 Connect acts as the only BT-approved reseller, supplying these boxes and related spares worldwide. The site highlights a range of services, from full restoration and signage to spare parts and even “adopt a kiosk” programs. It's clear the business operates both online and potentially through a physical showroom, catering to a niche market of collectors, businesses, and those seeking a piece of British heritage.

Financially, X2 Connect Ltd presents a mixed picture. While cash reserves increased by 6.7% to £460,000, current assets also grew by 11% to £1,400,000, there are some concerning trends. Accumulated depreciation increased by 6.4%, 75% and 2% respectively, suggesting increased investment in fixed assets. Creditors rose by 18% to £140,000, and trade debtors decreased by 9.6%, which could indicate slower customer payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

Overall, X2 Connect Ltd appears to be a stable, albeit small, business with a unique focus. The increase in creditors and the decrease in trade debtors, however, suggest a need for careful financial management. The company’s niche market and strong online presence, however, provide a solid foundation for continued success.

Registered in England/Wales under the registration number 04826493, with a registered address at NG24 2EG, Newark, Nottinghamshire, Network Place, Brunel Drive.

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