Xigo Ltd

Xigo Ltd, based in Christchurch, UK, is a small, active company founded 17 years ago. With two employees and £106,731 in assets, it’s a family business run by three directors and two owners. The company operates from a real address and has been importing electrical machinery and equipment for 24 months, while exporting it for a longer period of 46 months.

The company’s website is not available, so it’s difficult to determine their exact operations beyond the import/export activity. However, they operate within the “other engineering activities” industry.

Financially, Xigo Ltd appears to be holding its own, though some trends are worth noting. Accumulated depreciation on computer equipment increased by 5.7%, while furniture fittings saw a more substantial rise of 60%. Cash reserves improved significantly, jumping 120% to £100,000, which is a positive sign. However, creditors increased by nearly 50%, and bank borrowings remained steady. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and only two employees. The lack of a mentioned auditor suggests the accounts are unaudited.

Overall, Xigo Ltd seems to be a stable, albeit small, operation. The increase in cash reserves is encouraging, but the rise in creditors warrants monitoring. The company’s longevity and consistent import/export activity suggest a well-established niche within the electrical machinery sector.

Registered in England/Wales under the registration number 06346646, with a registered address at BH23 4FL, Christchurch, Dorset, Unit 11 Christchurch Business Park, Radar Way.

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