Jxe Group Ltd

Jxe Group Ltd from Bolton UK is a small, active company founded two years ago. Despite its status, accounts are currently overdue by two months, and the company operates with just one employee and £46,532 in assets. It’s a solo founder operation led by a single director and owner, Digby Joe, and utilizes a virtual address shared by fourteen other companies. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website is currently unavailable, making it difficult to assess its e-commerce presence. However, the company’s profile suggests a focus on online retail, potentially selling products directly to consumers through its own website or third-party marketplaces. The lack of a functioning website could be a temporary issue or a sign of limited online activity.

Financially, Jxe Group Ltd presents a mixed picture. While the company’s assets are modest, the significant overdue accounts raise concerns about cash flow management. Creditors have increased by 18% to £56,000, while cash bank on hand remains at a steady £6,000. 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 agility, but the lack of substantial profits—with net assets at just £970—suggests it's operating on a tight margin. The company’s bank borrowings are at £3000. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The company’s financial data indicates a potential need for improved profitability and cash flow management. While the company’s small size and solo founder status can be advantageous, the lack of substantial profits and the overdue accounts suggest a need for increased sales or cost reduction measures. The company’s reliance on a virtual address, shared with other businesses, could also raise questions about its operational independence.

Registered in England/Wales under the registration number 14073865, with a registered address at BL1 3AH, United Kingdom, Bolton, Kevan Pilling House, 1 Myrtle Street.

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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