Xxyd Ltd

Xxyd Ltd is a small holding company based in Reigate, UK, established just one year ago in September 2023. With thirteen employees and £153,151 in assets, the company operates from a virtual address shared by 194 other businesses—a bit of a red flag, really. It’s led by one director and one owner, and its status is currently active. The company is involved in the licensed restaurants industries.

The company’s website, Xiangyuan Forging, reveals a completely different business. It’s a manufacturing company specializing in forging products like wind power flanges, pressure vessel forgings, and anchor flanges. The site lists a wide range of standards, including ANSI, ASME, AWWA, and DIN, and showcases production and testing equipment. It’s a B2B operation, clearly focused on industrial clients, and it seems to have been running for a while—Xiangyuan Forging was founded in 2008. It's unclear how the two businesses are connected, but the name suggests a possible link.

Financially, Xxyd Ltd’s numbers paint a somewhat concerning picture. While it's a small company, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity is deeply in the negative—a staggering -£49,000. Cash bank on hand is a respectable £100,000, but creditors are a hefty £450,000, and net current assets and liabilities are also negative at -£290,000. Bank borrowings are a solid £220,000. The company has seen a slight increase in deferred tax, which is a good sign. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

In essence, Xxyd Ltd is burning through money. While the Xiangyuan Forging side seems to be a stable manufacturing operation, Xxyd Ltd itself appears to be struggling, possibly acting as a holding company for a business that isn't performing well. It's a risky situation, and the company will need to find a way to turn things around—or it could be in for a rough ride.

Registered in England/Wales under the registration number 15171541, with a registered address at RH2 7JE, England, Reigate, Surrey, The Coach House, 1 Howard Road.

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