Xtc Limited

Xtc Ltd from Reading UK: a small, active company founded 24 years ago, currently has accounts overdue for 10 months. Despite employing just one person, it holds £68,195 in assets and operates from a real address. Led by a single director and owner, the company’s status is active.

Xtc Limited operates in the retail sale via mail order houses or via internet industries. Its website, while not fully detailed, suggests a focus on online retail, though specifics are unavailable. The company’s branding and online presence are minimal, making it difficult to assess its current market position or e-commerce sophistication.

Financially, Xtc Ltd presents a mixed picture. While current assets remain relatively stable at £68,000, other key metrics show concerning trends. Equity has plummeted by a staggering 300%, falling to -£3,800, indicating significant losses. Bank borrowings have surged by 370%, reaching £15,000, and cash reserves have decreased by 51%, leaving only £14,000. Creditors have increased by 73%, reaching £36,000, suggesting growing debt obligations. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, and the figures are unaudited. The significant drop in equity, coupled with rising debt, suggests the company is burning through money, although the increase in cash reserves may indicate recent sales. The lack of employees, meanwhile, points to a lean operation, but also potentially limits its growth potential.

Registered in England/Wales under the registration number 04170865, with a registered address at RG1 2RD, England, Reading, Flat 4 162 Southampton Street.

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