Ak Charcoal Ltd

Ak Charcoal Ltd, based in Newcastle Upon Tyne, UK, is a small, active company founded six years ago in December 2018. With four employees and £85,894 in assets, it operates from a real address and is led by one director and owner. The company regularly imports wood and wood products, with its last import operation recorded in December 2024.

The company’s core business involves wholesale of other fuels and related products. It’s a relatively small operation, meeting two of the three criteria to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s a real address as only one company is registered at the same location.

Financially, Ak Charcoal Ltd presents a mixed picture. Cash bank on hand has seen a significant increase of 300%, reaching £35,000, which is a positive sign. However, accrued liabilities deferred income have also risen by 50%, now at £4,500. Bank borrowings have decreased by 10%, falling to £40,000. Creditors have also decreased by 10%, now at £40,000. The most notable change is the dramatic increase in amounts owed to directors, which has jumped by 1100% to £17,000. Equity has also seen a substantial increase, now at £15,000.

The company's net assets and liabilities have improved, showing a positive trend. The increase in amounts owed to directors could be due to investments or loans, but it’s a factor to watch. As a small company, Ak Charcoal Ltd is exempt from an audit, so the figures are unaudited. The company's director, Kurkmas Abdulmunem, is responsible for the accounts.

Registered in England/Wales under the registration number 11719302, with a registered address at NE12 9SW, United Kingdom, Newcastle Upon Tyne, Unit 11a Benton Business Park, Bellway Industrial Estate, Whitley Road.

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