Zerodrytime Franchising Limited

Zerodrytime Franchising Limited, based in Newcastle Upon Tyne, UK, is a small, active company founded 17 years ago in 2008. With five employees and £71,226 in assets, it operates from a real address and is managed by two directors and two owners. The company is an irregular importer, primarily dealing in miscellaneous manufactured goods, with the last import operation recorded two months ago in January 2024.

The company’s core business involves providing cleaning services, specifically upholstery cleaning and related services. While no website exists to explore, the company’s focus seems to be on franchise operations within the cleaning sector.

Financially, Zerodrytime Franchising Limited presents a mixed picture. Current assets have increased by 12% to £71,000, while net assets have seen a dramatic surge, increasing by 1300% to £2,000. Cash reserves have also improved significantly, rising by 45% to £14,000. However, creditors have increased, with both short-term (within one year) and long-term liabilities rising by 13% and 20% respectively. Property, plant, and equipment have seen a substantial decrease of 42%, potentially reflecting depreciation or asset sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a need to manage cash flow carefully. As a small company, the financial statements are unaudited, relying on director-reported data.

Overall, Zerodrytime Franchising Limited appears to be navigating a period of change. The increase in assets and cash reserves is encouraging, but the rise in liabilities warrants close monitoring.

Registered in England/Wales under the registration number 06587457, with a registered address at NE13 7BA, United Kingdom, Newcastle Upon Tyne, Tyne And Wear, Unit 6 Ruby Park Brunswick Industrial Estate, Brunswick Village.

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