Afro Cosmetics Limited

Afro Cosmetics Limited, based in Birmingham, UK, is a small, active company founded five years ago. With 45 employees and £2,586,425 in assets, it’s a solo-founded operation led by a single director and owner, Hussain Jafeer. The company boasts a stellar 5.0 Google rating from 15 reviews, indicating high customer satisfaction. It’s an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances; parts, with the last import operation recorded one month ago in December 2023.

The company’s website, Afrocosmetics, focuses on providing hair, skin, and makeup products tailored for women of color. It operates as an online retailer, offering a wide range of products from brands like Sleek Hair, Revita, As I Am, and MiMax. The site emphasizes quality synthetic and human hair, skincare solutions, and makeup designed to meet the needs of diverse ethnic backgrounds. It’s been a distributor since 1992, and the website suggests a focus on both retail and distribution.

Financially, Afro Cosmetics Limited presents a mixed picture. While current assets increased by 43% to £2,600,000, net assets only rose by 20% to £320,000. Bank borrowings have increased, and cash reserves have decreased by 120% to £270,000. Creditors have increased significantly by 57% to £2,400,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in creditors suggests a need for careful financial management. The accounts are unaudited, which is typical for small companies exempt from an audit.

Overall, Afro Cosmetics Limited appears to be a thriving online retailer with a strong brand reputation, but the increasing debt levels warrant close monitoring. The company's focus on a specific niche market and its commitment to quality products position it for continued success, though a more sustainable financial footing will be key.

Registered in England/Wales under the registration number 12178752, with a registered address at B21 9LN, England, Birmingham, 134-136 Soho Road.

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