Xn8 Ltd

Xn8 Ltd from Manchester UK: a small, active company founded 10 years ago, employs just three people, and holds £258,478 in assets. It operates from a real address and is led by one director and owner, running an e-commerce site with a 3.0 Google rating from 27 reviews. The company regularly imports toys, games, and sports equipment, with the latest shipment recorded in December 2024.

The company’s website, Xn8 Sports, is a comprehensive online store offering a wide range of fitness and sports products. From ab wheels and yoga mats to boxing gloves and support braces, it caters to diverse athletic needs. The site’s design is clean and user-friendly, with clear categories and detailed product descriptions. It's a well-stocked online shop.

Financially, Xn8 Ltd presents a mixed picture. Current assets increased by a healthy 64% to £260,000, while net assets decreased by 19% to -£490,000. Bank borrowings remained steady at £38,000, and cash reserves surged 290% to £69,000. Creditors also increased by 20%, to £220,000. 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 negative equity is concerning. No auditor is mentioned, indicating an exemption as a small company.

Overall, Xn8 Ltd seems to be navigating a period of change. While its online sales appear robust, the negative equity suggests it's burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen—but the company's focus on sports and fitness products could provide a solid foundation for future growth.

Registered in England/Wales under the registration number 09223485, with a registered address at M9 8EZ, Manchester, 11 Bottomley Side.

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