Decimal Capital Group Ltd

Decimal Capital Group Ltd is a small, active company based in London, UK, founded four years ago in January 2021. With just two employees and £20 in assets, it operates from a virtual address shared by many other companies – a bit suspicious, really. The company is run by two directors and two owners, Di Duca Andrew and Di Duca Richard James, and is described as a family business. It’s a small operation, meeting two of the three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company's website suggests it operates in both retail sales via mail order and internet, as well as providing other information service activities. It’s a fairly broad description, and it’s not immediately clear how these two areas connect. The company's website doesn't offer much insight into its operations, which is a little strange.

Financially, Decimal Capital Group Ltd is showing some concerning trends. Net assets have plummeted by a whopping 51%, dropping to -£2,300. Cash bank on hand is only £20, a significant drop from £15 last year. While creditors have increased by 34% to £2,700, and advances to directors have also risen, the overall picture is one of financial strain. The company’s property, plant, and equipment has also decreased by 20%. The company’s retained earnings and accumulated losses are also significantly negative.

The lack of an auditor mentioned is not unexpected, given its small size and exemption from audit. The accounts are described as "filleted" and unaudited, so the figures should be viewed with caution. It's a small business, and these things happen, but the sharp decline in equity and the low cash reserves are worth noting. It’s a bit of a mixed bag, really.

Registered in England/Wales under the registration number 13165120, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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