Xplusone App Ltd

Xplusone App Ltd, based in Preston, UK, is a small, active company founded two years ago. Employing just two people, it holds £807 in assets and operates from a virtual address. The company has three directors and one owner, Gorbach Pavel.

The business operates in a few different areas: retail sale via mail order, software development, and IT consultancy. Its website is currently unavailable, so it’s difficult to assess its e-commerce presence. It seems to be a small-scale operation, meeting two of the three conditions to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Xplusone App Ltd’s recent performance is concerning. Cash reserves have evaporated, dropping a staggering 100% to just £17. Trade debts have also plummeted, down 96% to £790. Creditors have decreased by 88% to £590, which is a positive sign, but the sharp decline in assets and cash is a worrying trend. Net assets have fallen dramatically, down 130% to -£22,000. Borrowings have decreased by 11% to £22,000. The company's unaudited accounts, prepared by Rotherham Taylor Limited, indicate a break-up basis, with all assets written down to recoverable amounts.

The company’s small size and virtual address suggest it’s a lean operation, but the financial data paints a picture of a business struggling to maintain its liquidity. It’s possible the company is undergoing a period of restructuring or facing increased competition. The lack of detailed information about its operations makes it difficult to pinpoint the exact cause, but the financial trends suggest a need for careful management and potentially a change in strategy.

Registered in England/Wales under the registration number 14273492, with a registered address at PR2 2YP, England, Preston, Lancashire, 21 Navigation Business Village, Navigation Way.

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