Xcellence Partners Ltd

Xcellence Partners Ltd, based in London, UK, is a small, active company founded six years ago in 2019. It holds £30,172 in assets and operates from a virtual address shared by many other businesses – over 28,000, to be exact. The company is run by a single director and owner, Yusuf Ugurlu.

Xcellence Partners Ltd primarily operates in the retail sale via mail order houses or via internet industries. Its website showcases a wide range of services, including web app, desktop app, mobile app, and e-commerce development, alongside specialized offerings like Solr search and industrial automation. It seems they’re focused on providing custom software solutions, with a particular emphasis on e-commerce, and even offering dedicated resource hiring services. The site is full of client testimonials praising their responsiveness and quality of work, and they have a large portfolio of projects, from bespoke applications to industrial automation.

Financially, Xcellence Partners Ltd shows a mixed picture. Cash bank on hand increased by 14% to £29,000, which is good news. However, creditors decreased significantly, falling 83% after one year to £2,200. Equity also saw a substantial increase, rising 90% to £26,000, suggesting retained earnings are building up. Trade debtors remained consistent at £72. The company meets the criteria to be considered small, with turnover less than £10.2 million, assets under £5.1 million, and less than 50 employees. The lack of any mention of an auditor is likely due to its small size and exemption from an audit.

Overall, Xcellence Partners Ltd seems to be a growing, albeit small, business. The increase in cash and equity are positive signs, but the decrease in creditors might indicate a need to manage cash flow more carefully. The company’s focus on niche e-commerce and custom software development seems to be paying off, but it will be interesting to see how it continues to grow in the competitive technology market.

Registered in England/Wales under the registration number 11918809, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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