Xtinctio Ltd.

Xtinctio Ltd from London UK is a small, active company founded five years ago. Currently, confirmation is overdue by five months, and the company employs just one person. With £802 in assets, two directors, and a single owner, it operates an e-commerce site from a real address.

The business focuses on wholesale and retail of watches and jewellery, both online and through markets. Its website, xtinctio.co.uk, highlights a mission to raise money and awareness for endangered species, offering a range of ethically sourced jewellery and accessories. The site emphasizes customer happiness, free delivery, and hand-made quality—a strong selling point. It also features a "Conservation Partners" section, showcasing its commitment to environmental causes.

Financially, Xtinctio Ltd presents a mixed picture. Current assets have plummeted by a significant 75%, dropping to just £800, while net assets have also decreased, reaching -£81,000. Bank borrowings have remained steady at £10,000, but cash reserves have fallen 70%, leaving only £410. Trade debtors have also declined, suggesting better debt management. The company meets the criteria to be classified as small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit.

The increase in liabilities, particularly the substantial negative equity, is a cause for concern. Advances to directors have also increased, indicating potential reliance on personal funding. It’s possible the company is reinvesting profits into inventory or marketing to fuel growth, but the declining cash reserves suggest it’s burning through money quickly. The lack of an auditor means the figures are unaudited, so caution is advised when interpreting the numbers.

Registered in England/Wales under the registration number 12109769, with a registered address at N1 3LL, United Kingdom, London, 27 Oakley Road, London.

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