Xtrove Ltd

Xtrove Ltd, based in London, UK, is a small, active company founded just two years ago. With a virtual address and £226 in assets, it’s a solo-founded venture led by two directors and one owner. The company currently holds a 3.0 Google rating based on two reviews. It operates in the agents involved in the sale of furniture, household goods, hardware and ironmongery, and retail sales via mail order houses or via internet industries.

The company’s website, Trovex, focuses on integrated plumbing systems, fire-rated doors, and wall finishes for healthcare environments. It offers a range of products, including pre-plumbed plumbing systems (Hygipods), fire-rated doors (Hygidoors), and wall cladding, all designed to enhance hygiene and safety in healthcare settings. The site highlights its commitment to infection prevention and offers a virtual meeting option with project consultants. It's clear they are focused on a B2B model, selling to healthcare providers and construction companies.

Financially, Xtrove Ltd’s numbers paint a concerning picture. While it’s a small company (meeting two of three conditions for size), its net assets stand at a negative £1,200. Cash reserves are minimal at just £1, and bank borrowings are significant at £1400. Creditors and trade payables are also high at £740 and £640 respectively. The company’s trade debtors are at £220. The lack of employees (zero reported) suggests a very lean operation, but the negative equity and reliance on short-term debt indicate financial strain. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

In short, Xtrove Ltd appears to be burning through cash. While its niche focus on healthcare plumbing and door systems shows promise, the company needs to address its financial challenges to ensure long-term sustainability.

Registered in England/Wales under the registration number 14495029, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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