XBITE LTD
Company number 13226251 · Monitor this company
Executive summary
XBITE LTD has demonstrated impressive top-line scaling since 2021 but now faces a critical strategic inflection point: the FY2025 loss of £758K has eliminated accumulated profits and pushed the company into negative equity, creating material going concern risk. The immediate priority must be securing additional capital—whether through director loans, equity injection, or renegotiated creditor terms—while simultaneously addressing the inventory management and margin structure issues that drove the loss. Without decisive action on capitalization and operational efficiency, the company's creditor-dependent funding model is unsustainable, and the risk of forced restructuring or insolvency within 12-18 months is significant.
Shareholders' funds
-£648,116
Balance sheet as at 2025-02-28
Overview
- Company type
- Private Limited Company
- Incorporated
- 2021-02-25
- Employees
- 1 (2025 accounts)
- Registered office
- 32a Albion Street, Castleford, England, WF10 1EN
- Postcode
- WF10 1EN
- Capital
- 10 GBP
- Accounts category
- Unaudited Abridged
Accounts
- Last made up to
- 2025-02-28
- Next due by
- 2026-11-30
- Financial year end
- 28 February
Confirmation statement
- Last statement dated
- 2026-03-04
- Next due by
- 2027-03-18
Nature of business (SIC)
- 46510 Wholesale of computers, computer peripheral equipment and software
- 47910 Retail sale via mail order houses or via Internet
Officers 1 current · 1 resigned
Contact details
- Website
- xbite.co.uk
Previous company names
| Name | Date changed |
|---|---|
| JDS51 LIMITED | 2022-07-18 |
Competitors Wakefield
This company ranks 8 among wholesale of computers, computer peripheral equipment and software in Wakefield.