X3 Ltd

X3 Ltd, based in Kings Langley, UK, is a small, family business with an active status. Founded five years ago, the company employs twelve people and holds £1,118,680 in assets. It operates from a virtual address, a detail flagged by sixteen companies registered at the same location. With two directors and two owners, the company has a 5.0 Google rating based on twenty-seven reviews.

X3 Ltd specializes in retail sales via mail order and internet, alongside information technology consultancy activities. Its website showcases a focus on workwear and corporate image solutions, offering embroidery and printing services. The company caters to a range of clients, from schools to entertainment brands, providing branded workwear and promotional merchandise. Recent case studies highlight successful projects involving hoodie designs, workwear refreshes, and global branding for charities. The site also includes a blog and customer testimonials, reinforcing its commitment to quality and service.

Financially, X3 Ltd’s picture is mixed. Accumulated amortisation for intangible assets has doubled to £72,000, likely reflecting ongoing development costs. Bank borrowings have increased significantly, reaching £420,000, while cash reserves remain at £330,000. Creditors have also risen to £1,300,000, suggesting increased spending. Despite this, the company’s net assets have plummeted to -£250,000, a substantial decline. The company’s small size—meeting two of three conditions for being considered small—helps it remain agile, but the sharp drop in equity is concerning. The company is exempt from an audit as a small company. It’s likely that the increased borrowing is funding expansion, but the negative equity raises questions about long-term sustainability.

Registered in England/Wales under the registration number 12021880, with a registered address at WD4 9JB, England, Kings Langley, Friarswood, Chipperfield Road.

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