Xbite Ltd

Xbite Ltd from Castleford UK: small company, active status, founded 4 years ago, 1 employee, £2,362,382 assets, virtual address, 1 director, 1 owner, solo founder. Regular importer of electrical machinery and equipment (28 months imported). Regular exporter of toys, games, and sports equipment (41 months exported). Xbite Ltd is a small, active company based in Castleford, UK, founded four years ago. It’s a solo-founder operation with a single employee and boasts significant assets of £2,362,382, although it operates from a virtual address shared by fifteen other companies. The business regularly imports electrical machinery and equipment and exports toys, games, and sports equipment.

The company's website paints a picture of a thriving e-commerce business. Xbite Logistics, as it’s branded, emphasizes its modern offices, global shipping, and a focus on offering great value products online. It highlights a commitment to finding fun in what they do, with sections dedicated to "explore our brands," "our story," and "why we choose to work at Xbite." The site also features a news section with updates on photography studio upgrades, memorial posts, and a focus on expanding premises. It's clear Xbite is aiming for a modern, customer-focused online presence.

Financially, Xbite Ltd presents a mixed picture. Cash reserves have seen a dramatic increase, jumping 1200% to £330,000—a very positive sign. However, net assets have also increased significantly, reaching £110,000, and creditors have risen by 4%, reaching £2,300,000. Trade debtors have decreased by 7.3%, which is good. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors could be a cause for concern. With no auditor mentioned, the figures are unaudited.

Overall, Xbite Ltd seems to be experiencing growth, particularly in cash reserves, but the rise in creditors warrants monitoring. The company's e-commerce focus and emphasis on modern operations suggest a forward-thinking approach, although the virtual address and reliance on a single employee could present challenges in the long run.

Registered in England/Wales under the registration number 13226251, with a registered address at WF10 1EN, England, Castleford, 32a Albion Street.

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