Xerxes Retail Ltd

Xerxes Retail Ltd from Birmingham UK: a small, active company founded just two years ago, holds £43,854 in assets and operates from a real address. It's a solo founder venture with one director and one owner, Burkett Joshua Logan. The business is registered at 1 Garnet Avenue, B43 7RJ, and is active in the retail sale via mail order houses or via internet industries.

The company’s website, while currently unavailable, suggests a focus on online retail. It’s a small business, meeting two of three conditions to qualify: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The last reported current assets are £44,000.

Financially, Xerxes Retail Ltd shows a mixed picture. Bank borrowings remain steady at £30,000, and cash reserves are stable at £15,000. However, net assets are just £4,100, and trade creditors are £41,000. The company’s property, plant, and equipment is valued at £1,700. While the company’s equity is £4,100, this is a small amount. The lack of employees (zero reported) suggests a very lean operation. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Xerxes Retail Ltd seems to be navigating early-stage challenges. While the business is active and has a real address, the small asset base and reliance on bank borrowings indicate a need for careful financial management. Whether the company can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 14689231, with a registered address at B43 7RJ, England, Birmingham, 1 Garnet Avenue.

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