Aak Limited

Aak Ltd from London UK: a small, active company established 34 years ago, employs nine people, and holds £3,051,508 in assets. Operating from a virtual address, the business is managed by two directors and owned by two individuals. A regular importer of clothing and accessories (excluding knitted or crocheted items, with 244 months of import activity), Aak Ltd occasionally exports fats, oils, and waxes (one month of export activity).

The company operates within the wholesale of clothing and footwear industries, and its website highlights a focus on food service solutions, including frying oils, butter alternatives, and sauces. It seems to be a B2B operation, partnering with various brands and offering co-development services. The website has a modern design, but the browser is unsupported and may have security vulnerabilities.

Financially, Aak Ltd presents a mixed picture. While net assets increased by 12% to £1,300,000, cash reserves decreased significantly by 51% to £260,000. Bank borrowings have plummeted by 63%, reaching just £21,000, and trade debtors have risen by 11% to £1,700,000. Creditors also increased by 9.2% to £3,500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in cash reserves warrants attention. The unaudited financial statements, which are exempt from audit as a small company, rely on director-reported data. The company's financial instruments are basic, and the deferred tax policy is based on current tax rates.

Registered in England/Wales under the registration number 02588842, with a registered address at NW1 3ER, London, Acre House, 11-15 William Road.

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