Zenixspace Ltd

Zenixspace Ltd, based in Abingdon, UK, is a small, active company founded three years ago. With three employees and £283,030 in assets, it operates from a virtual address, managed by three directors and a single owner. The company regularly imports and exports furniture, lighting, and prefabricated buildings – five months of imports and three months of exports recorded. It’s a fairly new venture, and the address being virtual is a bit odd.

The company's website paints a picture of a workplace design and consultancy firm. They don’t seem to be selling products directly, but rather offering services to businesses looking to improve their workspace. The site emphasizes a methodology focused on evolving, creating, and delivering, and features case studies of projects for BMW Private Bank, On Running, and confidential pharmaceutical and financial clients. They’re clearly targeting larger organizations, and the testimonials suggest a focus on professionalism and attention to detail. The website doesn's have an e-commerce element, so it’s a service-based business.

Financially, Zenixspace Ltd’s picture is a bit mixed. While current assets increased by 70% to £280,000, equity plummeted by 28% to -£950,000. This suggests the company is burning through cash, perhaps reinvesting heavily in growth. Cash bank on hand, however, increased significantly to £190,000, which is a positive sign. Bank borrowings are down, and creditors decreased, which is good for managing debt. The company meets the criteria for a small company, and there’s no auditor mentioned, so the financial statements are unaudited.

The company's size—meeting two of three conditions for being small—means it’s agile, but the substantial equity loss is concerning. It’s possible the company is in a growth phase, reinvesting profits to expand its services, but the figures suggest it's a bit tight. The significant increase in bank borrowings is a little worrying, and the lack of employees (only three reported) suggests a lean operation. It’s likely that the company is trying to grow quickly, but it needs to manage its cash flow carefully to avoid running into trouble.

Registered in England/Wales under the registration number 13775634, with a registered address at OX13 6AB, England, Abingdon, Oxfordshire, Welkin House Milton Hill, Steventon.

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