Xeed Ltd

Xeed Ltd is a small, active company based in London, UK, founded two years ago in November 2022. It employs just two people and holds £16,983 in assets, operating from a virtual address shared by 620 other companies. The company is led by two directors, including solo founder Tawfik Ahmed, and has one reported owner. Xeed Ltd is an irregular importer, specializing in edible fruits and nuts, with just two months of import activity recorded as of June 2024. The company’s business involves wholesale and retail of fruit and vegetables.

The company’s website, though currently unavailable, suggests a focus on online sales and distribution. It’s likely the company operates primarily through an e-commerce platform, given the lack of a physical storefront mentioned in available information.

Financially, Xeed Ltd presents a mixed picture. While cash bank on hand decreased by 32% to £23,000, creditors decreased significantly by 240% to -£31,000. Equity also saw a dramatic shift, increasing by 610% to £48,000. Average number of employees during the period increased by 50% to three. Corporation tax payable increased to £13,000. These changes suggest a period of adjustment, possibly linked to increased sales or changes in operating expenses. 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 flexibility, but the substantial changes in equity warrant closer observation. As a small company, Xeed Ltd is exempt from an audit, so the financial data is unaudited.

Registered in England/Wales under the registration number 14516418, with a registered address at W1W 5PF, England, London, 167 - 169 Great Portland Street, 5th Floor.

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